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ETF sheet · Issuer-declared data

21shares Raydium ETPIndex, costs, backtest, listings and taxation

ISIN: CH1480821391Ticker: ARAYIssuer: 21Shares

Issuer-declared data

Underlying

Prezzo di riferimento di RAY — CCData Aggregated Index (fonte: 21Shares)

TER

2.50%

Income policy

not declared by the issuer

Fund assets

278,802 EUR

NAV

4.97 USD

Inception date

16 September 2025

Data as declared by 21Shares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.

Fund historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →

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Description

21shares Raydium ETP tracks the issuer-declared underlying: Prezzo di riferimento di RAY — CCData Aggregated Index (fonte: 21Shares). The declared annual cost (TER) is 2.50%. The fund has assets of about 0 million euro and was launched on 16 September 2025.

The fund’s objective — in the issuer’s words

Price data (in USD) from Kaiko Indices is used to calculate the price of the underlying asset(s). Collateral Agent Law Debenture Trust Corporation p.l.c. Additional Information Updated and additional documents on the product, in particular the prospectus, the final terms, supplements and financial statements are published on the company website https://21shares.com/ir in accordance with the relevant legal provisions. It is recommended that you read these documents for more information, particularly on the structure of the product and the risks associated with investing in the product. This product is intended for retail investors who (i) can bear loss of capital up to the amount invested, are not seeking to preserve capital and who are not looking for a capital guarantee; (ii) have specific knowledge of and experience investing in similar products and in financial markets; (iii) seek a product offering exposure to the underlying asset(s) and have an investment horizon in line with the recommended holding period stated below; and (iv) are aware that the value of the product can change significantly due to the volatile underlying asset(s) and, as a result, have sufficient time to actively monitor and manage the investment.
Keep reading the KID section ▾
Intended retail investor

From the KID’s “Objectives” section · 19 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version FactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot

The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Sept 2025 to Sept 2026

Adjusted for inflationCompare with the underlying

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

-74.4%

Annualised

-75.7%

Volatility (ann.)

92.6%

Max drawdown

-83.73%

Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.

Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.

Max drawdown

-83.73%

peak → trough

Trough

11 Feb 2026

from the 18 Sept 2025 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

350 days

decline + recovery: peak to break-even · ≈ 11 months · (ongoing)

Calendar-year returns

2025

-72.1%

2026

-8.4%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.6	-34.7	-2.8	28.9	-8.2	-12.3	-1.3	29.7	6.9				-8.4
2025										-35.3	-31.7	-21.3	-72.1

From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.

Source: 21Shares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

	Last year
Volatility (ann.)	93.42%
Max drawdown	-83.84%
Sharpe	-1.13
Sortino	-1.52

Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Stock exchange listings

Exchange	Ticker	Trading since
Börse Hamburg	—	22 Jan 2026

+ 1 more trading venues (MTFs and professional platforms).

Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

What is the underlying of 21shares Raydium ETP?

The issuer 21Shares declares the underlying: Prezzo di riferimento di RAY — CCData Aggregated Index (fonte: 21Shares).

How much does ARAY cost?

The issuer-declared TER is 2.50% per year.

What is the fund size of ARAY?

The fund size declared by 21Shares is about 278,802 €.

When was ARAY launched?

The fund was launched on 16 September 2025: it has been trading for 353 days: the page fills up as the issuer publishes data.

What was ARAY's worst fall?

Over the available history (since 2025), the maximum drawdown was -83.73%, reached in February 2026. Past performance is not indicative of future results.

Transparency note

The data in this sheet is declared by 21Shares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.