21Shares, a leading provider of cryptocurrency exchange-traded funds (ETFs), has appointed Federico Brokate, a seasoned ETF industry expert, as Vice President and Head of US Business. This strategic move aims to enhance the company's US operations and expand its crypto ETF offerings.

Brokate brings a wealth of experience in ETF strategy, distribution, and product development, having previously led America's iShares Business Strategy at BlackRock. His appointment is expected to strengthen 21Shares' US presence, which currently manages over $3.2 billion in assets across six crypto-asset ETFs.

The appointment comes at an exciting time for 21Shares, which has been expanding its services in the crypto-asset ETF market. The company launched its highly anticipated spot Bitcoin ETF in January 2024, following the successful launch of five futures-based ETFs in November 2023. This move aligns with 21Shares' strategy to grow its physically-backed crypto asset ETFs portfolio.

Brokate's appointment is a significant boost to 21Shares' US business, which is poised for growth. His expertise will be instrumental in driving the company's strategy and innovation in the crypto-asset ETF market. The company's focus on operational effectiveness and innovation attracted Brokate to join the team, and he is eager to contribute to 21Shares' success.

In conclusion, 21Shares' appointment of Federico Brokate as Head of US Business is a strategic move that strengthens the company's presence in the US market. As the crypto-asset ETF market continues to evolve, 21Shares is well-positioned to dominate the market for futures-based and spot crypto-asset ETFs, offering investors direct market access through innovative products.