Despite lingering doubts over cryptocurrencies, from the impact of their mining on the planet to their volatile prices, there has been a flood of the products being launched on exchanges often using a passive structure.

Swiss crypto exchange-traded product issuer 21Shares today announced that it is listing a cryptocurrency ETP on the Aquis Exchange making it available to institutional clients. The arrangement is in partnership with GHCO, a market-maker and liquidity provider specialising in ETFs.

The ETP will be centrally cleared (CCP) and is engineered like an ETF. ETPs trade on exchanges in a similar manner to a listed stock and institutional investors in the UK will get exposure to Bitcoin via a regulated framework and structure which they are already accustomed to.

The ETP has been designed to provide institutional UK investors with secure and cost-effective exposure to Bitcoin without the associated Bitcoin custody and security challenges. One unit of 21Shares Bitcoin ETP represents exposure to roughly 0.00035 Bitcoin entitlement.

21Shares has over $1.5 billion in AUM across 14 ETPs available on several European stock exchanges. The UK launch follows over two years of testing and launching of cryptocurrency ETPs by 21Shares for institutional investors in Germany, Switzerland, France, Austria and the Netherlands.

Hany Rashwan, CEO of 21Shares said: “This is the right time to bring our successful crypto ETP to the institutional UK market. Our strong track record and existing institutional reach across continental Europe means that investors can confidently gain exposure to Bitcoin via a liquid and conventional investment product.”