21Shares Crypto ETP Director Laurent Kssis Departs

Laurent Kssis oversaw the firm’s rapid expansion into crypto-linked investment products.

Sep 20, 2021 at 2:20 p.m. UTC
Updated Sep 20, 2021 at 2:32 p.m. UTC

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, assets under management (AUM) were at $30 million. The firm’s AUM surpassed $100 million last year, and have since skyrocketed to more than $1.85 billion.
  • The source said the whopping growth can be attributed to the range of products offered 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 wasn’t returned by press time. Kssis declined to comment.

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Tanzeel Akhtar is a CoinDesk news reporter based in Europe.