21Shares has appointed Federico Brokate, the former head of iShares, to lead its U.S. ETF operations. This move aims to bolster its U.S. business, which includes six crypto-asset ETFs managing over $3.2 billion in assets.
In January 2024, 21Shares launched a highly anticipated spot Bitcoin ETF. Additionally, the firm rebranded its Ethereum ETF to Core Ethereum ETF after ending its partnership with ARK Invest.
Brokate brings over seven years of experience in the ETF industry, covering operational, marketing, and product roles. His expertise is expected to be crucial for 21Shares’ strategy and growth in the U.S. market.
21Shares continues to focus on expanding its portfolio of physically-backed crypto asset ETFs. This strategic hiring and product innovation highlight the company’s commitment to leading the crypto ETF space.
This development underscores 21Shares’ long-term vision of enhancing its presence and influence in the U.S. crypto ETF market.
