Asset administration agency 21Shares has deepened its European footprint by launching three new crypto exchange-traded merchandise (ETPs) on Nasdaq Stockholm, in keeping 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 current operations throughout main European exchanges. At the moment, the agency provides crypto ETPs on eleven main platforms, together with Nasdaq, SIX Swiss Trade, and Euronext Amsterdam.
In the meantime, 21Shares’ transfer in Sweden is unsurprising contemplating the optimistic experiences the asset class is experiencing in different markets.
Bitcoin ETPs have considerably outperformed conventional ETFs within the US over the previous 12 months, drawing report inflows throughout the reporting interval.
On the similar time, investor optimism towards different digital property like Solana and XRP continues to develop as regulators in the USA actively take into account potential spot ETF merchandise that includes these property.
Bridging TradFi and crypto
21Shares positions its newly listed ETPs as clear and controlled automobiles for European buyers to realize 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 straight linking them to underlying crypto.
Notably, the CBTC product carries a beautiful low administration charge of simply 0.21%, enabling cost-effective Bitcoin publicity.
In the meantime, the ASOL product permits buyers to take part straight in staking rewards, growing potential returns from Solana holdings.
Moreover, AXRP provides buyers publicity to XRP, significantly emphasizing its rising use in world fee options.
In accordance with Mandy Chiu, 21Shares’ Head of Monetary Product Growth, these product launches arrive throughout an important 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 12 months represents a breakthrough second for crypto in Europe, with growing confidence pushed by the MiCA regulatory framework and a major rise in institutional participation. Our presence on Nasdaq Stockholm displays our ambition to simplify crypto investing for European buyers.”
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