The chief operating officer of Switzerland-based crypto exchange-traded product (ETP) firm 21Shares has left the firm, the company confirmed in an email to CoinDesk.

Lucy Reynolds, who joined 21Shares in 2020, previously had been head of product management at WisdomTree Europe.

Filecoin Foundation President on Decentralizing Data Storage

01:41

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement; Gensler Speaks on Ether ETF Approval

01:11

Why Bitcoin Is Not Keeping Pace With Nasdaq

09:08

Mona Founder on Future of the Metaverse

01:49

Fed Sees Just One Rate Cut This Year; CRV Slides as Curve’s Founder Faces Liquidation Risk

"She has played a pivotal role in the evolution of our company and we are grateful for her contributions," a spokesperson for 21Shares said in an email to CoinDesk. "This mutual decision has been in the works for over 6 months, and we have been collaborating together on the transition plan."

21Shares offers nearly 40 ETPs in Europe and the U.S., according to a spokeswoman, though it shuttered six earlier this year. According to the company website, it has five funds it offers in conjunction with Cathie Woods' ARK Invest. ARK/21Shares are also among many asset managers who have applied for U.S. regulatory approval of a spot bitcoin ETF.

Last year, the firm raised $25 million in a funding round that gave it a $2 billion valuation.

Edited by Nick Baker and Stephen Alpher.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Crypto ETP Issuer 21Shares' COO Exits

Lucy Reynolds, a former WisdomTree executive, had been with the company since 2020.

Filecoin Foundation President on Decentralizing Data Storage