MARKET ANNOUNCEMENT OF CHANGES TO CUSTODIANS OF EXCHANGE TRADED PRODUCTS 

Rhea-AI Summary

21Shares (SIX:TXXS) announced changes to the custodians of several crypto exchange traded products listed on the London Stock Exchange. BitGo Europe GmbH is appointed as a new custodian, with German law pledges over collateral accounts in favour of investors.

From 8 July 2026, custodian line‑ups change for six products, including 21Shares Bitcoin ETP (ABTC/BTCU), Ethereum Staking ETP (AETH/ETHU), Bitcoin Core ETP (CBTC/CBTU), Ethereum Core Staking ETP (ETHC/CETU), Strategy Yield ETP (STRC/STRU) and Bitcoin Gold ETP (BOLD/BOLU). Copper Markets (Switzerland) AG and Coinbase Custody International Ltd are revoked as custodians, while other product terms remain unchanged.

News Market Reaction – TXXS

+4.99%

+4.99% Session close to close

In the Jul 1 session, TXXS gained 4.99%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement tightens the custody framework for several ETPs by adding BitGo Europe GmbH and re...

Analysis

This announcement tightens the custody framework for several ETPs by adding BitGo Europe GmbH and revising collateral arrangements. Investors may watch operational execution under the new custodian mix and any subsequent updates to the Base Prospectus or Final Terms.

Key Figures

Custodian change effective date: 8 July 2026 Base Prospectus date: 21 April 2026

2 metrics

Custodian change effective date 8 July 2026 Effective date for amended custodians in applicable Final Terms

Base Prospectus date 21 April 2026 Date of Issuer’s UK Base Prospectus referenced for further details

Historical Context

5 past events · Latest: Jun 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 26	Distribution announcement	Positive	+2.5%	Staking-reward distributions declared for five crypto ETPs with set pay dates.
Jun 11	Industry recognition	Positive	+7.8%	Named to Fortune Crypto 100 list, highlighting product breadth and U.S. expansion.
May 14	Product launch	Positive	-0.5%	Launch of first actively managed crypto ETF targeting total return for U.S. investors.
May 13	Distribution announcement	Positive	-0.5%	Staking reward distributions announced for Sui and Polkadot ETFs with near-term dates.
May 13	Survey results	Neutral	-6.9%	Advisor survey on digital asset adoption highlighting policy and education barriers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news often generates mixed reactions, with some positive operational updates followed by selling pressure while others see modest gains.

Key Terms

custodian, collateral accounts, base prospectus, final terms

4 terms

custodian financial

"The Issuer hereby appoints BitGo Europe GmbH as additional Custodians"

A custodian is a financial institution that holds and safeguards an investor's assets—such as stocks, bonds, or cash—and records transactions on the investor's behalf. Think of it as a trusted caretaker or safe-deposit box for investments; it helps prevent loss or theft, handles paperwork and transfers, and provides transparency and regulatory checks, so investors can focus on decisions rather than the mechanics or security of asset storage.

collateral accounts regulatory

"under the relevant Collateral Accounts held by BitGo Europe GmbH in favour"

Collateral accounts are separate pools or accounts where assets—cash, securities, or other property—are held as a pledged guarantee for a loan, derivative, or other financial obligation. They matter to investors because these accounts reduce credit risk by giving creditors a claim on specific assets if the borrower defaults, similar to a locked savings box used as security for a loan, and they can affect an issuer’s liquidity and the recoverable value in stressed situations.

base prospectus regulatory

"meaning given to them in the Base Prospectus of the Issuer dated 21 April 2026"

A base prospectus is a detailed document that provides essential information about a financial offering, such as a bond or share issue. It acts like a comprehensive guide for investors, explaining what the investment involves, the risks involved, and how the process works. This helps investors make informed decisions before committing their money.

final terms regulatory

"amends the Custodians as follows and as specified in the applicable Final Terms"

Final terms are the complete, agreed-upon details of a corporate deal or financial transaction — such as price, number of shares, interest rate, or repayment schedule — that replace prior drafts and become legally binding once signed. Investors care because the final terms determine how much value is exchanged, the size of dilution or debt, and the actual economic impact of the transaction; think of it as the step where a handshake becomes a signed contract that fixes what each party will get and owe.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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21Shares AG
(the “Issuer”)
(incorporated in Switzerland)

LEI: 254900UWHMJRRODS3Z64

(1 July 2026)

MARKET ANNOUNCEMENT OF CHANGES TO CUSTODIANS OF EXCHANGE TRADED PRODUCTS 

This announcement relates to the following Exchange Traded Products entered into the Official List of the FCA and admitted to the London Stock Exchange:

ETP: 21shares Bitcoin ETP
ISIN: CH0454664001
TIDM: ABTC / BTCU

ETP: 21shares Ethereum Staking ETP
ISIN: CH0454664027
TIDM: AETH / ETHU

ETP: 21shares Bitcoin Core ETP
ISIN: CH1199067674
TIDM: CBTC / CBTU

ETP: 21shares Ethereum Core Staking ETP
ISIN: CH1209763130
TIDM: ETHC / CETU

ETP: 21shares Strategy Yield ETP
ISIN: CH1528107811
TIDM: STRC / STRU 

ETP: 21shares Bitcoin Gold ETP
ISIN: CH1146882308
TIDM: BOLD / BOLU

(hereinafter referred to as the “Products” and each a “Product”)

1. Introduction of BitGo Europe GmbH as a new Custodian and revocation of Copper Markets (Switzerland) AG and Coinbase Custody International, Ltd. as Custodians

The Issuer hereby appoints BitGo Europe GmbH as additional Custodians to its ETP Programme.

In connection with the appointment of BitGo Europe GmbH by the Issuer to act as Custodian with respect to the ETPs, the Issuer has granted certain German law governed pledges in respect of all assets, rights, claims and distributions of the Issuer under the relevant Collateral Accounts held by BitGo Europe GmbH in favour of the Collateral Agent, acting in its own name and for the benefit of the Investors in respect of each Series of ETPs, pursuant to German law governed pledge agreements.

The Issuer hereby revokes the appointment of Copper Markets (Switzerland) AG and Coinbase Custody International, Ltd. as Custodians to its ETP Programme. 

For the following Affected Products, the Issuer amends the Custodians as follows and as specified in the applicable Final Terms from 8 July 2026:

ETP Name	Ticker	ISIN	Old Custodians	New Custodians
21shares Bitcoin Core ETP	CBTC	CH1199067674	Coinbase Custody Trust Company LLC, Copper Markets (Switzerland) AG, Zodia Custody Limited, Coinbase Custody International Ltd, Anchorage Digital Bank N.A, BitGo Bank and Trust NA	BitGo Europe GmbH
21shares Bitcoin ETP	ABTC	CH0454664001	Coinbase Custody Trust Company LLC, Copper Markets (Switzerland) AG, Zodia Custody Limited, Coinbase Custody International Ltd, Anchorage Digital Bank N.A, BitGo Bank and Trust NA	Coinbase Custody Trust Company LLC, Zodia Custody Limited, Anchorage Digital Bank N.A, BitGo Bank and Trust NA, BitGo Europe GmbH
21shares Ethereum Staking ETP	AETH	CH0454664027	Coinbase Custody Trust Company LLC, Copper Markets (Switzerland) AG, Zodia Custody Limited, Coinbase Custody International Ltd, Anchorage Digital Bank N.A, BitGo Bank and Trust NA	Coinbase Custody Trust Company LLC, Zodia Custody Limited, Anchorage Digital Bank N.A, BitGo Bank and Trust NA, BitGo Europe GmbH
21shares Ethereum Core Staking ETP	ETHC	CH1209763130	Coinbase Custody Trust Company LLC, Copper Markets (Switzerland) AG, Zodia Custody Limited, Coinbase Custody International Ltd, Anchorage Digital Bank N.A, BitGo Bank and Trust NA	Coinbase Custody Trust Company LLC, Zodia Custody Limited, Anchorage Digital Bank N.A, BitGo Bank and Trust NA, BitGo Europe GmbH
21shares Strategy Yield ETP	STRC	CH1528107811	Coinbase Custody Trust Company LLC, Copper Markets (Switzerland) AG, Zodia Custody Limited, Coinbase Custody International Ltd, Anchorage Digital Bank N.A, BitGo Bank and Trust NA, Bank Frick AG	Coinbase Custody Trust Company LLC, Zodia Custody Limited, Anchorage Digital Bank N.A, BitGo Bank and Trust NA, BitGo Europe GmbH, Bank Frick AG
21shares Bitcoin Gold ETP	BOLD	CH1146882308	Coinbase Custody Trust Company LLC, Copper Markets (Switzerland) AG, Zodia Custody Limited, Coinbase Custody International Ltd, Anchorage Digital Bank N.A, BitGo Bank and Trust NA, JPMorgan Chase Bank N.A.	BitGo Europe GmbH, JPMorgan Chase Bank N.A.

Other product details will remain unchanged.

Terms not defined herein have the same meaning given to them in the Base Prospectus of the Issuer dated 21 April  2026, as may be supplemented from time to time, available at https://www.21shares.com/en-uk/product-documents/prospectus.  

Contact Details: 21Shares AG, attn. Mr. Eric Baumgartner, Pelikanstrasse 37, 8001 Zurich, Switzerland, email: legal@21shares.com

Further Information: For further information, please refer to the Programme UK Base Prospectus dated April 21, 2026, as may be supplemented from time to time, and the respective Final Terms for each Product. Copies of the prospectus and any supplements thereto, if any, as well as copies of all transaction documents are available free of charge at 21Shares AG, Zurich (email: etp@21shares.com).

* * *

This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG.

This document and the information contained herein is not for publication or distribution into the United States of America and should not be distributed or otherwise transmitted into the United States or to U.S. persons (as defined in the U.S. Securities Act of 1933, as amended (the "Securities Act) or publications with a general circulation in the United States. This document does not constitute an offer or invitation to subscribe for or to purchase any securities in the United States of America. The securities referred to herein have not been and will not be registered under the Securities Act or the laws of any state and may not be offered or sold in the United States of America absent registration or an exemption from registration under Securities Act. There will be no public offering of the securities in the United States of America.

FAQ

What custodian changes did 21Shares (TXXS) announce on 1 July 2026?

21Shares announced updates to custodians for six crypto ETPs listed in London. According to 21Shares AG, BitGo Europe GmbH becomes a new custodian and Copper Markets (Switzerland) AG and Coinbase Custody International Ltd are revoked for the affected products.

When do the new BitGo Europe GmbH custodian arrangements for 21Shares (TXXS) ETPs take effect?

The new custodian arrangements take effect from 8 July 2026. According to 21Shares AG, the amended custodian line‑ups for the affected ETPs will be reflected in the applicable Final Terms from that date, while other product details remain unchanged.

Which 21Shares Bitcoin ETP (ABTC/BTCU) custodians are changing after the July 2026 announcement?

The 21Shares Bitcoin ETP adds BitGo Europe GmbH to its custodian group. According to 21Shares AG, the new list includes Coinbase Custody Trust Company, Zodia Custody, Anchorage Digital Bank, BitGo Bank and Trust NA, and BitGo Europe GmbH, with certain prior custodians revoked.

How are custodians changing for the 21Shares Bitcoin Core ETP (CBTC/CBTU)?

For the Bitcoin Core ETP, the custodian is changed to BitGo Europe GmbH. According to 21Shares AG, this replaces the previous combination of custodians, which included Coinbase entities, Copper Markets (Switzerland) AG, Zodia Custody, Anchorage Digital Bank and BitGo Bank and Trust NA.

What custodian updates affect the 21Shares Ethereum Staking ETP (AETH/ETHU) and Ethereum Core Staking ETP (ETHC/CETU)?

Both Ethereum staking products will add BitGo Europe GmbH to their existing custodian panels. According to 21Shares AG, other custodians remain Coinbase Custody Trust Company, Zodia Custody, Anchorage Digital Bank and BitGo Bank and Trust NA, with Coinbase Custody International Ltd and Copper Markets removed.

Do the 21Shares (TXXS) custodian changes alter other terms of the affected ETPs?

The changes only affect custodian appointments for the listed products. According to 21Shares AG, all other product details, such as ISINs and trading identifiers, remain unchanged, with the adjustments documented in the relevant Final Terms from 8 July 2026.