21Shares has added a senior macro specialist to its investment team as it continues to build out active portfolio management for its crypto exchange-traded product (ETP) business.

21Shares said it has appointed Stephen Coltman as head of macro, with the appointment starting in early February 2026. He will be based in London and will work with the firm’s capital markets and investment teams on portfolio construction and risk management for its active products. Coltman brings more than 25 years of experience  In this newly created role, Coltman will work closely with Eliézer Ndinga, Adrian Fritz and the wider capital markets team. His remit includes su