21Shares Broadens ETP Offerings with Nasdaq Stockholm Listings
Expanding Horizons: 21Shares New Listings on Nasdaq Stockholm
21Shares AG, a significant player in the cryptocurrency exchange-traded products (ETPs) space, has recently broadened its portfolio by introducing three leading ETPs on Nasdaq Stockholm. This move marks a vital step in extending 21Shares' influence across Europe.
Introducing New ETPs to the Market
The newly listed products from 21Shares include the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP). With these additions, 21Shares aims to cater to the surging demand for cryptocurrency investment options within the Nordic region.
21Shares Bitcoin Core ETP (CBTC)
The CBTC offers investors direct exposure to Bitcoin, the largest cryptocurrency by market capitalization. This product stands out due to its 100% physically-backed structure and a remarkably low management fee of just 0.21%, making it one of Europe’s most cost-efficient Bitcoin ETPs.
21Shares Solana Staking ETP (ASOL)
Next in line is the ASOL, designed to provide physically-backed exposure to Solana. This ETP not only captures staking yields but also integrates the progressive blockchain innovations making waves in sectors such as gaming, finance, and identity protection.
21Shares XRP ETP (AXRP)
In addition, the AXRP ETP offers complete backing by XRP, giving investors regulated and transparent access to the cryptocurrency's vital role in facilitating cross-border transactions.
Strengthening the European Market
21Shares manages over $7.5 billion in assets and boasts listings on 11 major exchanges globally, including Nasdaq, Euronext Amsterdam, and SIX Swiss Exchange. Their commitment to bridging the gap between traditional finance and emerging digital asset markets is further showcased through this expansion.
Mandy Chiu, Head of Financial Product Development at 21Shares, commented, "The acceleration of institutional adoption of cryptoasset ETPs alongside increasing regulatory clarity in Europe drives our commitment to expanding our offerings. This year symbolizes a transformational phase for the crypto market in Europe, significantly influenced by the MiCA regulatory framework. Our latest presence on Nasdaq Stockholm reflects our goal of simplifying crypto investments for European investors."
Market Response and Outlook
The increasing demand for ETPs reinforces 21Shares’ innovative initiatives. Helena Wedin, Head of ETF and ETP at Nasdaq, expressed her enthusiasm for the expansion: "As the landscape for crypto ETPs evolves, we are excited to support 21Shares' growing offerings, providing investors with accessible, locally listed, and efficient products tailored to their investment needs."
As we witness the rapid development of cryptocurrency in traditional markets, 21Shares remains committed to ensuring that investors have straightforward access to innovative products paving the way for the future of finance.
About 21Shares and Its Legacy
Founded to enhance the accessibility of cryptocurrency investments, 21Shares is recognized as a trailblazer among issuers of crypto exchange-traded products. With a history dating back to 2018, 21Shares was one of the first firms to list a physically-backed crypto ETP. Their track record of more than six years showcases their dedication to offering crypto exchange-traded funds on highly liquid securities exchanges worldwide.
Frequently Asked Questions
What are the new ETPs listed by 21Shares?
21Shares has introduced the 21Shares Bitcoin Core ETP (CBTC), 21Shares Solana Staking ETP (ASOL), and 21Shares XRP ETP (AXRP) on Nasdaq Stockholm.
What makes the CBTC ETP unique?
CBTC is notable for being 100% physically-backed and having one of the lowest management fees in Europe at just 0.21%.
How does the ASOL ETP benefit investors?
The ASOL provides exposure to Solana and allows investors to capture staking yields while engaging with innovative blockchain solutions.
Why is the AXRP ETP important?
AXRP delivers transparent and regulated access to XRP, which is essential for cross-border payments.
What is the mission of 21Shares?
The mission of 21Shares is to make cryptocurrency investing more accessible and to connect the realms of traditional and decentralized finance.
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