21Shares Expands Crypto ETP Lineup with Jupiter Launch
21Shares Introduces the New Jupiter ETP
In a significant move for the cryptocurrency market, 21Shares AG, a leading issuer of cryptocurrency exchange-traded products (ETPs), has launched the 21Shares Jupiter ETP (AJUP) on the SIX Swiss Exchange. With this debut, 21Shares strengthens its position by offering over 50 physically backed crypto ETPs to European investors.
Understanding the Jupiter ETP
The 21Shares Jupiter ETP provides a streamlined and institutional-grade avenue for investors to engage with the trading hub of Jupiter (JUP) on the Solana blockchain. Jupiter plays an essential role in Solana’s ecosystem, as it efficiently aggregates trades across more than 20 decentralized exchanges, ensuring the best execution for its users. The platform has handled over $1 trillion in trading volume, with steady high weekly volumes, making it a central player in the decentralized finance (DeFi) sector.
Features and Advantages of Jupiter
Jupiter is not just a trade aggregator; it has grown into a comprehensive DeFi platform, offering a variety of products like perpetual futures, limit orders, and dollar-cost averaging. Moreover, its liquid staking derivative, JupSOL, ranks as the fourth-largest staking derivative on Solana, and its lending marketplace, JupLend, which launched recently, has already captured more than $750 million in total value locked (TVL). Such features elevate Jupiter’s revenue potentials, providing a robust foundation for JUP's future growth.
The Future of Jupiter and Solana
Looking ahead, Jupiter is set to introduce JupNet, a multi-chain liquidity network aimed at interconnecting various blockchains, wallets, and identities in a unified decentralized ledger. This expansion is pivotal for enhancing its capabilities beyond the Solana ecosystem, creating a cross-chain broker layer that taps into a broader crypto landscape.
Expert Insights
Mandy Chiu, Head of Financial Product Development at 21Shares, stated, “Jupiter has cemented itself as the backbone of liquidity on Solana, evolving into one of the most comprehensive DeFi hubs in the industry.” By introducing the AJUP product, 21Shares aims to provide investors with access to a crucial component of Solana's growth, supporting the ongoing evolution of decentralized finance.
The 21Shares Commitment
With the addition of AJUP to its offerings, 21Shares now oversees over $11 billion in assets under management (AUM), asserting its leadership as the issuer with the most extensive crypto ETP product range in Europe and globally. The firm’s commitment to making cryptocurrency investing accessible reinforces its innovative approach to financial products.
About 21Shares
21Shares is recognized as a pioneering provider of cryptocurrency ETPs, aiming to bridge the gap between traditional and decentralized finance. Since launching the first physically-backed crypto ETP in 2018, 21Shares has established itself with a diverse lineup of products that are traded on major, liquid securities exchanges worldwide. Backed by a team of research specialists and cutting-edge technologies, the company focuses on delivering transparent and effective investment solutions for all types of investors.
Frequently Asked Questions
What is the Jupiter ETP?
The Jupiter ETP, launched by 21Shares, provides investors with exposure to Jupiter (JUP), the leading trade aggregation hub on the Solana blockchain.
How does Jupiter benefit investors?
Investors gain efficient and institutional-grade access to the dynamic crypto market, particularly the DeFi sector powered by Solana.
What innovations does Jupiter offer?
Jupiter features a comprehensive DeFi platform, including trading options like perpetual futures, limit orders, and a liquid staking derivative called JupSOL.
How has Jupiter performed in trading?
With over $1 trillion in lifetime trading volume and significant weekly trading consistency, Jupiter has established itself as a reliable liquidity source within the Solana ecosystem.
What does the future hold for 21Shares?
21Shares continues to expand its product lineup and maintain a strong presence in the crypto market, elevating its innovative financial solutions for investors worldwide.
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