AMUN: MACROECNOMIC SENTIMENT WILL BE PRIMARY DRIVER OF CRYPTO ASSET MARKETS IN 2020

Zurich -- 28 January 2020 -- Amun, the first issuer to deliver fully 
collateralized, passive investment products with cryptocurrencies as 
underlying assets, has publicized its quarterly insights into the 
digital asset industry. This exhaustive review presented by the Amun 
research team unveils their thesis for two of the biggest phenomena of 
Q4 2019 -- the growth of crypto exchanges, most noticeably Binance, and 
the maturation of the Proof-of-Stake crypto ecosystem in their theses 
for Binance Coin (BNB) and Tezos (XTZ). 
 
   "The most noticeable lesson from the last quarter of 2019 is that going 
forward the crypto asset market's primary price driver will be global 
macroeconomic events such as changes in China's economic strategy or 
geopolitical tensions, rather than microeconomic or industry-specific 
events" comments Amun's research lead, Lanre Ige. "This point is 
important to note for investors over the coming years as it will deeply 
affect one's investment strategy for crypto assets." 
 
   Among the report's key findings include: 
 
 
   -- Q4 2019 was dominated by news of various nation-states' growing interest 
      in the industry -- particularly China's -- and also the growth in the 
      availability of crypto asset derivatives markets in both regulated and 
      unregulated frameworks 
 
   -- 2020 is likely to become an increasingly exciting year for Proof-of-Stake 
      assets given the growing interest in assets like Cosmos and Tezos, as 
      well as the looming launch of Ethereum 2.0 which will be the event to 
      solidify Proof-of-Stake as a viable alternative to Bitcoin's 
      energy-intensive Proof-of-Work 
 
   -- Q4 2019 saw a range of acquisitions and fund-raising which point to a 
      possible consolidation in many companies which currently offer ways for 
      users to trade and exchange crypto assets. Two exchanges, Binance and 
      Coinbase, are best placed to benefit from this consolidation and we 
      expect them to heat up acquisition activity over the next year 
 
   -- A detailed investment thesis for Binance Coin (BNB) as part of the launch 
      of the Amun BNB ETP (ABNB) where Amun's research team argue that BNB is 
      an ideal place to benefit from the likely long-term success of Binance, 
      as well as the potential of Binance Chain -- BNB's native blockchain -- 
      to act as a facilitator of decentralized finance applications 
 
   -- A detailed investment thesis for Tezos (XTZ) as part of the launch of the 
      Amun Tezos ETP (AXTZ) where Amun's research argues that Tezos presents a 
      viable alternative to the leading smart contract platform and its 
      successful use of on-chain governance thus far will build confidence in 
      crypto asset 
 
 
   The link to the full report can be found here: 
https://www.amun.com/research/state-of-crypto-q4-2019/ 
 
   About Amun 
 
   Amun makes investing in crypto assets as easy as buying shares using 
your conventional broker or bank. Investors can invest in 
cryptocurrencies using a conventional ETP structure (or tracker) easily, 
with total confidence and cost-effectively thanks to the 21Shares suite 
of ETPs launched by Amun, which is now composed of eleven Crypto ETPs: 
the Amun Crypto Basket Index ETP (HODL:SW), Amun Bitcoin (ABTC:SW), Amun 
Ethereum (AETH:SW), Amun XRP (AXRP:SW), AMUN Bitcoin Cash ETP (ABCH:SW), 
Amun Binance ETP (ABNB:SW), Amun Tezos ETP (AXTZ:SW), Amun Bitcoin 
Suisse ETP (ABBA:SW), Amun Bitwise 10 ETP (KEYS:SW) and Amun Sygnum 
Platform Winners Index ETP (MOON:SW). The entire suite is listed in a 
regulated framework on the SIX Swiss Exchange, BX Swiss and Boerse 
Stuttgart in CHF, USD and EUR. Founded in 2018, Amun is led by a team of 
talented serial entrepreneurs and experienced banking professionals from 
the technology and financial world. Incorporated in Zug, with offices in 
Zurich, Berlin and New York, the company has launched several world 
firsts, including the first listed crypto index (HODL) in November 2018. 
Amun has eleven crypto ETPs listed today and has over $50 million in AuM 
in total listed products. 21Shares represent the new name of the family 
of Exchange Traded Products by Amun AG. The entire suite of existing 
ETPs will be migrated over the new brand in the course of the second 
quarter 2020. 21Shares by Amun paves the way with a new financial market 
identity distinguishing the conventional financial issuances from other 
digital issuances. 
 
   Press Contact Amun 
 
   Anne Barrat & Hansen Wang 
 
   [phone] 
 
   Press 
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(END) Dow Jones Newswires

January 28, 2020 01:00 ET (06:00 GMT)