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

Zug, SWITZERLAND


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

+41 44 260 86 60 

Press  press@amun.com    research@amun.com


Disclaimer

This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan.
This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Amun AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States.
This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"); or (iv) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (v) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
In any EEA Member State (other than the Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has implemented the Prospectus Regulation (EU) 2017/1129, together with any applicable implementing measures in any Member State, the "Prospectus Regulation") this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made available on the Issuer’s website under www.amun.com. The approval of the 2019 Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2019 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand. 
This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of Amun AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. 
This document constitutes advertisement within the meaning of the Swiss Financial Services Act (the "FinSA") and not a prospectus. In accordance with article 109 of the Swiss Financial Services Ordinance, the Base Prospectus dated 13 November 2019 (the "Base Prospectus") and the Final Terms for SBTC dated 22 January 2020 (the "Final Terms", and together with the Base Prospectus, the "Prospectus") have been prepared in compliance with articles 652a and 1156 of the Swiss Code of Obligations, as such  articles were in effect immediately prior to the entry into effect of the FinSA, and the Listing Rules of the SIX Swiss Exchange in their version in force as of January 1, 2020. Consequently, the Prospectus has not been and will not be reviewed or approved by a Swiss review body pursuant to article 51 of the FinSA, and does not comply with the disclosure requirements applicable to a prospectus approved by such a review body under the FinSA. Copies of the Prospectus are available free of charge from the website of the Issuer.
Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.