21Shares Partners With German Brokerage Firm To Offer Crypto ETPs For Savings Accounts

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Investment product issuer 21Shares has partnered with comdirect, one of Germany’s leading online brokers, to integrate its cryptocurrency exchange traded products, or ETPs, into savings accounts.

The partnership means that nearly 3 million comdirects customers will be able to integrate physical crypto ETPs into their Spar savings accounts. 21Shares claims this is the first such case where investors can get crypto exposure in their savings accounts.

Marco Infuso, Managing Director of 21Shares, said the new product offering will allow comdirect customers to include crypto in their retirement planning and will also help investors who are concerned about getting into Bitcoin (BTC) and others. cryptocurrencies due to a lack of investment opportunities.

Empowering people to choose how they allocate their investments for retirement has made such a project come to fruition, he said. This is very exciting for all investors who have considered buying bitcoin but haven’t come up with the proper investment tools to successfully store them in a savings plan.

21Shares and other crypto asset companies are striving to integrate digital assets into the traditional financial realm. Bitcoin ETPs have proven to be a popular option for investors looking for alternative exposure to cryptocurrencies.

In 2019, 21Shares became the first crypto issuer to list a fully secured Bitcoin ETP on German stock exchanges. Last month, the company partnered with asset manager Ark Invest to deposit an exchange-traded Bitcoin fund in the United States.

Related: 21Shares Investment Products Issuer To List Bitcoin ETP On Aquis Exchange

While the U.S. Securities and Exchange Commission has yet to approve a Bitcoin ETF, regulators may start to ease their stance over the next few years, according to Todd Rosenbluth. The head of ETF and mutual fund research estimates that a U.S. Bitcoin ETF could be approved by 2023.

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