The cryptocurrency industry has witnessed a significant development with 21Shares US LLC appointing Federico Brokate as Vice President and Head of US Operations. This strategic move is aimed at bolstering 21Shares' presence in the US market. Brokate brings a wealth of experience, having previously served as Director of US Business Strategy for BlackRock's iShares. In his new role, he will leverage his expertise to drive business growth and expansion for 21Shares in the US.

Brokate's appointment is a testament to 21Shares' commitment to strengthening its foothold in the US market. His extensive background in ETF industry strategy, distribution, and product development will be instrumental in driving business growth. As the Head of US Business, Brokate will be responsible for overseeing the company's US operations, which currently boasts six crypto-asset ETFs and over $3.2 billion in assets under management.

21Shares has been expanding its services in the crypto-asset ETF market, with the launch of five futures-based ETFs in November 2023, followed by a spot Bitcoin ETF in January 2024. The company's strategy is focused on growing its physically-backed crypto asset ETFs portfolio. Brokate's appointment is a strategic move to bolster this growth, and his experience in go-to-market strategies for new business verticals will be invaluable.

Brokate's expertise will be essential to 21Shares' strategy and continued success in the US market. His appointment comes at a time when the crypto-asset ETF market is rapidly evolving, and 21Shares is poised to capitalize on this growth. With Brokate at the helm of US Operations, the company is well-positioned to continue its expansion in the US market.

The appointment of Federico Brokate as VP and Head of US Operations is a significant development for 21Shares. His extensive experience and expertise will be instrumental in driving business growth, and his appointment is a testament to 21Shares' commitment to strengthening its presence in the US market. As the crypto-asset ETF market continues to evolve, 21Shares is poised for sustained growth and success.