4 days ago
21Shares, a large crypto exchange-traded merchandise (ETP) provider, is expanding its offerings successful Europe with the motorboat of six much funds connected Sweden’s banal exchange, Nasdaq Stockholm.
21Shares connected Thursday announced the cross-listing of six further products connected Nasdaq Stockholm, including ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT) and 2 crypto handbasket products.
With the expansion, 21shares present offers a full of 16 ETPs connected Nasdaq Stockholm, which is conscionable a fraction of aggregate offerings available connected different European exchanges similar SIX Swiss Exchange, Deutsche Börse Xetra, Euronext Amsterdam and more.
The caller launches came the adjacent time aft 21Shares launched the Solana (SOL) exchange-traded money (ETF) connected Wednesday, adding to a bid of SOL ETF launches.
21Shares manages $8 cardinal successful AUM
“We proceed to spot beardown request from Nordic investors seeking diversified, cost-efficient entree to integer assets done regulated exchanges,” 21Shares’ caput of EU investments, Alistair Byas Perry, said.
“This enlargement enables america to connection an adjacent broader toolkit of single-asset and index-based crypto ETPs, giving some retail and organization investors the quality to tailor their integer plus vulnerability wrong a trusted and transparent framework,” helium added.
The database of recently launched 21Shares crypto ETPs connected Nasdaq Stockholm. Source: 21SharesWith listings connected aggregate exchanges successful Europe and the US, 21Shares is 1 of the largest crypto ETP providers, managing astir $8 cardinal successful assets globally, which accounts for astir 4% of the full $191.5 cardinal successful crypto ETFs issued worldwide.
According to CoinShares data, astir fractional of 21Shares’ AUM is held successful US crypto ETFs, issued successful concern with Cathie Wood’s ARK Invest.
Crypto ETF/ETP issuers successful Europe and the US by year-to-date inflows and AUM arsenic of Monday. Source: CoinSharesMany, galore crypto ETFs
The crypto ETP enlargement by 21shares comes amid a question of caller crypto funds flooding the US market, with spot XRP (XRP) ETFs debuting connected the Nasdaq exchange past week.
Following Canary Capital’s motorboat of the archetypal spot XRP ETF, much XRP funds are expected to debut successful the coming days, including ETFs from Bitwise and Grayscale, scheduled to motorboat contiguous and Monday, respectively.
Source: James SeyffartAccording to ETF adept Nate Geraci, XRP became the sixth plus to underpin a single-asset crypto ETF successful the US, pursuing Bitcoin (BTC), Ether (ETH), Solana, Litecoin (LTC) and Hedera (HBAR).
Although optimism astir caller US crypto ETFs has been connected the rise, Bitcoin ETFs, the gateway crypto funds that debuted trading successful January 2024, person struggled recently.
Related: US Bitcoin ETFs drawback five-day bloodbath arsenic BTC reclaims $92K
On Tuesday, BlackRock’s iShares Bitcoin ETF (IBIT) saw its worst time of outflows ever, with much than $520 cardinal leaving the fund, according to Bloomberg ETF expert Eric Balchunas.
After 4 consecutive weeks of outflows, year-to-date inflows successful Bitcoin ETFs dropped to $27.4 billion, astir 30% beneath last year’s full of $41.7 billion, according to CoinShares data.
Magazine: Saylor denies Bitcoin sell-off, XRP ETF debut tops chart: Hodler’s Digest, Nov. 9 – 15
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