Hany Rashwan: 21Shares Lead, Net Worth & Portfolio
Hany Rashwan has helped create 21Shares, one of the biggest issuers of crypto ETPs and is also an entrepreneur in the industry. Because of Rashwan, traditional investors can now invest in digital assets, and newer options are available to those in crypto, too. It was Joan Wrang’s leadership that helped 21Shares grow, handle billions in assets, and introduce advanced products like Bitcoin and Ethereum ETPs and newer ones like Dogecoin and Cronos ETPs. According to 2025 estimates, Rashwan has a net worth of about $50 million, coming from his ownership in 21Shares, its parent company 21.co, and various other ventures. Readers will learn how Rashwan is active in the crypto industry, his engagements with 21Share, and what he invests in.
The story of Hany Rashwan in the crypto world
Hany Rashwan started in the crypto world by wanting to make cryptocurrency investing easier for everyone. Long before founding 21Shares in 2018 with Ophelia Snyder, Rashwan headed payment companies like Ribbon and Payout. With his knowledge in fintech and technology, he was qualified to handle the world of digital assets. Rashwan saw that while both institutional and personal investors wanted to use Bitcoin and Ethereum, the complexity of keeping their wallets and keys stopped them. After making this discovery, the group formed 21Shares, a Zug, Switzerland business specializing in crypto ETPs.
Rashwan led 21Shares to become a world leader in crypto investment products, managing 50 ETPs in more than 10 countries by 2024. Both the 21Shares Bitcoin ETP and Ethereum ETP were some of the first physically backed crypto ETPs traded on the prestigious SIX Swiss Exchange. Thanks to Rashwan’s collaboration with ARK Invest, the firm is growing, mainly in the U.S., where it is striving to introduce spot Bitcoin and Ethereum ETFs despite various difficulties in the legal environment.
21Shares simplifies and modernizes the way people invest in crypto.
21Shares is one of the top companies leading the effort to put cryptocurrencies alongside mainstream finance. With ETPs, investors can benefit from digital assets by using regular brokers and banks and forego direct ownership of cryptocurrencies. Rashwan sought to develop products that keep errors minimal and secure investors while dealing with the problems of unstable prices and uncertain safety in crypto. Innovative ETPs on Dogecoin, Cronos, Immutable, Injective and Sui were introduced by 21Shares by 2025, under Rashwan’s aim to provide a variety of investment choices.
Expansion has been difficult at certain points for the firm. Rashwan has faced market instability, as 21Shares ended six ETPs this year because people were not buying them, including the 21Shares Terra Classic ETP and others focused on DeFi and Layer 1 cryptos. The business experienced a strong comeback, with $26.95 million of assets flowing into the company last January. The way Rashwan sold off the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) shows that he is practical in handling product plans.
Making Collaborative Partnerships and Seeking Opportunities Across the World
Rashwan has greatly influenced building alliances, and one such ally is ARK Invest, guided by Cathie Wood. The duo has tried numerous times since 2021 to bring spot Bitcoin and Ethereum ETFs to the U.S. Even though the SEC refused their applications, Rashwan highlighted how investor protection is a main reason why their products follow strict rules set by authorities. The inflows of $97 million into ARK 21Shares Bitcoin ETF (ARKB) in April 2025 highlight that investors are very interested.
Rashwan has been key in taking 21Shares to new markets in Europe and the UK. To enter the British market, the firm launched exchange-traded notes for Bitcoin and Ethereum on the London Stock Exchange in 2024. According to Rashwan, the UK is attractive to traders, family offices, and pension funds, although FCA requirements still keep the retail market from joining in. Besides, the fact that 21Shares formed a partnership with Coinbase Custody for its Dogecoin ETF and teamed up with the Dogecoin Foundation reveals Rashwan’s intention to partner with leading entities within the crypto market.
The assets I own and the investments I’ve made
Most of Hany Rashwan’s estimated net worth of $50 million comes from his shares in 21.co, the parent company of 21Shares, which was valued at $2 billion after securing $25 million in funding last September. His money also stems from his founding days in the payments field and could involve investments in cryptocurrencies like Bitcoin and Ethereum. Though the exact contents of his portfolio have not been shared, Rashwan trusts Bitcoin to rise, predicting that by the end of 2025, it could hit a value of $138,555 according to 21Shares’ predictions.
Rashwan’s investment focus is on seeing the crypto industry grow over time. Investors should diversify, according to Ki, as shown in 21Shares’ study on Dogecoin where adding just 1% may help returns while still keeping risk low. Believing in DeFi and the metaverse, he has invested in emerging blockchain ventures, including Decentraland’s MANA and The Sandbox’s SAND.
Today, insights and influence are crucial for organizations and individuals.
Rashwan plays a role in areas that go beyond designing products. When he talked about the upcoming Ethereum ETF launches on Bloomberg Crypto in July 2024, he showed his leadership role. Paushagen points out that regulators should know more about crypto products and staking, an area he feels could become a key aspect of 21Shares’ ETFs in the future. Rashwan’s skill at explaining the benefits of crypto ETPs to all investors allows 21Shares to maintain a good reputation in the market.
Regardless of what is happening in crypto, Rashwan believes in a good future for the industry. He thinks the sector will keep growing thanks to new technology and more institutions entering the space. He runs 21Shares by combining innovation and practical solutions, as proved by the firm’s quick move from unpopular products to the high-interest Dogecoin ETF after retail investors began to take notice.
FAQs
1. What is Hany Rashwan doing at 21Shares?
As co-founder and CEO, Hany Rashwan is directing 21Shares in its mission to bring crypto ETPs and ETFs to countries worldwide.
2. How much money does Hany Rashwan own in 2025?
Rashwan is estimated to own $50 million, which he mostly made by owning 21.co and taking part in earlier fintech businesses.
3. Which are the most important products in the 21Shares range?
Among others, 21Shares lists ETPs for Bitcoin, Ethereum, Dogecoin, Cronos and several others on SIX Swiss Exchange and Euronext exchanges.
4. What motivated 21Shares to close some of its ETPs last year?
Twenty-one Shares shut down six ETPs covering DeFi and Layer 1 assets because investor demand wasn’t strong enough after a normal market assessment.
5. How does Rashwan see cryptocurrency?
Rashwan remains positive about crypto, expecting Bitcoin to reach $138,555 by 2025 and recommending people keep their crypto investments diversified.
