Asset administration agency 21Shares has deepened its European footprint by launching three new crypto exchange-traded merchandise (ETPs) on Nasdaq Stockholm, in accordance with a March 24 announcement.
The newly launched merchandise are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).
With the listings on Nasdaq Stockholm, 21Shares broadens its market attain past its present operations throughout main European exchanges. At present, the agency gives crypto ETPs on eleven main platforms, together with Nasdaq, SIX Swiss Alternate, and Euronext Amsterdam.
In the meantime, 21Shares’ transfer in Sweden is unsurprising contemplating the constructive experiences the asset class is experiencing in different markets.
Bitcoin ETPs have considerably outperformed conventional ETFs within the US over the previous yr, drawing report inflows through the reporting interval.
On the similar time, investor optimism towards different digital property like Solana and XRP continues to develop as regulators in america actively think about potential spot ETF merchandise that includes these property.
Bridging TradFi and crypto
21Shares positions its newly listed ETPs as clear and controlled autos for European buyers to achieve direct, bodily backed publicity to cryptocurrencies.
In accordance with the agency, every product goals to simplify the method for buyers to diversify their portfolios by immediately linking them to underlying crypto.
Notably, the CBTC product carries a gorgeous low administration payment of simply 0.21%, enabling cost-effective Bitcoin publicity.
In the meantime, the ASOL product permits buyers to take part immediately in staking rewards, rising potential returns from Solana holdings.
Moreover, AXRP gives buyers publicity to XRP, significantly emphasizing its rising use in international cost options.
In accordance with Mandy Chiu, 21Shares’ Head of Monetary Product Improvement, these product launches arrive throughout a necessary interval of regulatory progress in Europe.
Chiu defined that European institutional curiosity is accelerating because of the elevated regulatory readability supplied by the Markets in Crypto-Property (MiCA) framework.
Chiu added:
“This yr represents a breakthrough second for crypto in Europe, with rising confidence pushed by the MiCA regulatory framework and a big rise in institutional participation. Our presence on Nasdaq Stockholm displays our ambition to simplify crypto investing for European buyers.”
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