21Shares Broadens Crypto ETP Offerings with New Listings in Europe
21Shares is launching six additional crypto exchange-traded products (ETPs) in Europe as part of its expansion strategy.
21Shares, a leading provider of crypto exchange-traded products (ETPs), is amplifying its presence in Europe by launching six more funds on Nasdaq Stockholm. This expansion was announced on Thursday as a response to the rising interest in new crypto ETFs in the US.
The new ETP offerings will include products for Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT), along with two basket products.
With these additions, 21Shares will manage a total of 16 ETPs listed on Nasdaq Stockholm, contributing to a broader selection available on various European exchanges like SIX Swiss Exchange and Deutsche Börse Xetra.
This announcement follows the prior launch of a Solana (SOL) ETF by 21Shares, showcasing their commitment to expanding their product lineup amidst a burgeoning crypto market.
Expansion Fueled by Demand
Alistair Byas Perry, overseeing EU investments at 21Shares, commented, “We continue to see strong demand from Nordic investors seeking diversified, cost-efficient access to digital assets through regulated exchanges.” He further stated, “This expansion enables us to offer an even broader toolkit of single-asset and index-based crypto ETPs, giving both retail and institutional investors the ability to tailor their digital asset exposure within a trusted and transparent framework.”
21Shares manages nearly $8 billion in assets, indicative of its significant role within the global crypto ETP market, which encompasses approximately 4% of the total value in crypto ETFs worldwide.
According to CoinShares, a substantial portion of 21Shares’ assets under management is held within US crypto ETFs, which they issue in partnership with ARK Invest’s Cathie Wood.
Market Trends
The expansion of crypto ETPs offered by 21Shares aligns with the recent surge of new crypto funds entering the US market. Notably, spot XRP ETFs debuted last week on Nasdaq, with further offerings expected in the near future.
Nate Geraci, an ETF expert, highlighted XRP’s recent addition as the sixth asset to support a single-asset crypto ETF in the US, joining Bitcoin, Ether, Solana, Litecoin, and Hedera.
While optimism regarding new US crypto ETFs is growing, traditional Bitcoin ETFs have encountered challenges recently, experiencing significant outflows. BlackRock’s iShares Bitcoin ETF faced a notable downturn, marking a pivotal event in the current market landscape.
