21Shares reflects on a transformative first half – where bold forecasts became reality Zurich, 17 July 2025 – 21Shares, one of the world’s leading providers of cryptocurrency exchange-traded products (ETPs), today published its mid-year 2025 edition of the State of Crypto, offering a comprehensive, data-driven assessment of market performance and trends across the digital asset ecosystem. The report revisits 21Shares’ bold predictions for 2025, first laid out in December 2024, and evaluates how each thesis ...