21Shares Managing Director Laurent Kssis has left the crypto exchange-traded product (ETP) issuer after two years on the job.
- Since joining the firm in July 2019 (when it was still called Amun), Kssis helped to launch a number of crypto ETPs across several European stock exchanges.
- The products provide exposure to BTC, ETH, BCH, ADA, XLM, DOT and S, allowing investors to ride the market without holding the underlying crypto asset.
- According to a person with knowledge of the situation who wished to remain anonymous, when Kssis joined the company in 2019, assets under management (AUM) were at $30 million; in 2020, the firm’s AUM surpassed $100 million; today this figure has rocketed to more than $1.85 billion.
- The source said the whopping growth can be attributed to the range of products and bitcoin’s price rally.
- Kssis has held a number of roles across the exchange-traded fund (ETF) sector in his 18-year career. He has worked at Standard & Poor’s, State Street and XBT Provider, a CoinShares subsidiary.
- A request for comment sent to 21Shares was not returned by press time. Kssis declined to comment.