1 month ago
Asset absorption steadfast 21Shares has deepened its European footprint by launching 3 caller crypto exchange-traded products (ETPs) connected Nasdaq Stockholm, according to a March 24 announcement.
The recently introduced products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).
With the listings connected Nasdaq Stockholm, 21Shares broadens its marketplace scope beyond its existing operations crossed large European exchanges. Currently, the steadfast offers crypto ETPs connected eleven large platforms, including Nasdaq, SIX Swiss Exchange, and Euronext Amsterdam.
Meanwhile, 21Shares’ determination successful Sweden is unsurprising considering the affirmative experiences the plus people is experiencing successful different markets.
Bitcoin ETPs person importantly outperformed accepted ETFs successful the US implicit the past year, drafting record inflows during the reporting period.
At the aforesaid time, capitalist optimism toward different integer assets similar Solana and XRP continues to turn arsenic regulators successful the United States actively see potential spot ETF products featuring these assets.
Bridging TradFi and crypto
21Shares positions its recently listed ETPs arsenic transparent and regulated vehicles for European investors to summation direct, physically backed vulnerability to cryptocurrencies.
According to the firm, each merchandise aims to simplify the process for investors to diversify their portfolios by straight linking them to underlying crypto.
Notably, the CBTC merchandise carries an charismatic debased absorption interest of conscionable 0.21%, enabling cost-effective Bitcoin exposure.
Meanwhile, the ASOL merchandise allows investors to enactment straight successful staking rewards, expanding imaginable returns from Solana holdings.
Additionally, AXRP offers investors vulnerability to XRP, peculiarly emphasizing its increasing usage successful planetary outgo solutions.
According to Mandy Chiu, 21Shares’ Head of Financial Product Development, these merchandise launches get during an indispensable play of regulatory advancement successful Europe.
Chiu explained that European organization involvement is accelerating owed to the accrued regulatory clarity provided by the Markets successful Crypto-Assets (MiCA) framework.
Chiu added:
“This twelvemonth represents a breakthrough infinitesimal for crypto successful Europe, with expanding assurance driven by the MiCA regulatory model and a important emergence successful organization participation. Our beingness connected Nasdaq Stockholm reflects our ambition to simplify crypto investing for European investors.”
The station 21Shares launches Bitcoin, Solana, and XRP ETPs connected Nasdaq Stockholm appeared archetypal connected CryptoSlate.
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