21shares Expands ETP Offerings with New Product Launches
21shares has recently expanded its portfolio by introducing two exciting ETPs tailored for investors looking to tap into cutting-edge decentralized finance (DeFi) solutions. The newly launched 21shares Ethena ETP (Ticker: EENA) and 21shares Morpho ETP (Ticker: MORPH) are now available on prominent European exchanges.
The 21shares Ethena ETP (EENA)
Ethena stands out as a key player, backing USDe, a rapidly emerging digital dollar. Its structure focuses on maintaining a stable $1 value through delta-neutral hedging strategies in the crypto market. In a remarkable feat, USDe has achieved nearly $8 billion in assets under management (AUM) in a very short time, showcasing Ethena's vital role in shaping future crypto money markets.
The EENA ETP gives investors direct access to ENA, the core token of the Ethena protocol. This token is crucial for establishing the protocol's risk parameters, securing collateral frameworks, and facilitating new fee-sharing systems as USDe continues its upward trajectory.
- Name: 21shares Ethena ETP
- Ticker: EENA
- ISIN: CH1506167035
- Exchange: SIX Swiss Exchange
- Fee: 2.5%
- Currency: USD, EUR
Introducing the 21shares Morpho ETP (MORPH)
Morpho represents the next wave of innovation in lending platforms. Its architecture is specifically designed to empower institutions and developers to construct individualized, risk-managed lending markets. Morpho has already facilitated over $9 billion in deposits and $4 billion in active loans, servicing high-profile clients like Coinbase and Crypto.com.
The MORPH ETP offers a straightforward way for investors to gain exposure to Morpho's native token. This allows participants to engage in the evolving decentralized credit market without the complexities of direct on-chain transactions.
- Name: 21shares Morpho ETP
- Ticker: MORPH
- ISIN: CH1506167027
- Exchanges: Euronext Amsterdam, Euronext Paris
- Fee: 2.5%
- Currency: USD, EUR
The Vision Behind the Launches
Mandy Chiu, Global Head of Product Development at 21shares, expressed enthusiasm about these new offerings. "Our latest launches reaffirm our dedication to providing institutional-grade access to emerging areas of digital finance. Ethena and Morpho embody significant strides in decentralized financial infrastructure—one focused on the dollar and the other revolutionizing lending. Our ETPs present a transparent way for investors to capitalize on this growth using the exchanges they are already familiar with," she remarked.
This introduction of EENA and MORPH signifies yet another significant milestone for 21shares, which now boasts over 55 listed ETPs across Europe. The company has recently expanded its capabilities following its acquisition by FalconX, a major player in the digital asset brokerage space.
About 21shares
21shares has established itself as a leader in cryptocurrency exchange-traded products, offering the industry's most extensive suite of physically-backed crypto ETPs. The company aims to demystify cryptocurrency investing and create pathways between traditional finance and decentralized models. Since launching the first physically-backed crypto ETP in 2018, 21shares has garnered a robust track record in the crypto fund development space.
With a dedicated research team and specialized technology, 21shares is committed to providing investors with innovative and cost-efficient investment solutions. As a proud subsidiary of FalconX, it continues to push the envelopes within the crypto investment sphere.
Contact: audrey.belloff@21shares.com
Frequently Asked Questions
What are the new ETPs launched by 21shares?
21shares has introduced the Ethena ETP (EENA) and the Morpho ETP (MORPH) to offer exposure to innovative decentralized finance solutions.
How does the Ethena ETP work?
The Ethena ETP is linked to ENA, the token of the Ethena protocol, which supports a USD-pegged digital dollar called USDe, employing innovative hedging techniques.
What unique features does the Morpho ETP offer?
Morpho ETP gives investors direct access to the platform's native token, facilitating participation in decentralized credit markets while avoiding complex on-chain processes.
What is the fee structure for the new ETPs?
Both the Ethena ETP and Morpho ETP have a management fee of 2.5%.
How has 21shares expanded its ETP offerings?
With EENA and MORPH, 21shares now exceeds 55 listed ETPs in Europe, reflecting its commitment to expanding access to digital finance.
