21Shares, a Switzerland-based exchange traded product (ETP) provider, has announced that its chief operating officer, Lucy Reynolds, has left the company. Reynolds, who previously served as the head of product management at WisdomTree, joined 21Shares in 2020. However, she was unavailable for comment on her departure from the firm.
CEO Hany Rashwan assured Cryptonews.com that this change in management does not raise any concerns, stating, “Lucy’s departure was a mutual decision and has been in the works for at least six months, so we’re just following the transition plan we designed together.” He further emphasized that there is no major shift in senior leadership at 21Shares.
Despite the departure of Reynolds, 21Shares continues to dominate the market with its products listed on multiple European exchanges. At one point, the company reached $2 billion in assets under management. However, in light of limited investor demand, it closed six of its crypto ETPs in March this year.
