21Shares Lists Three New Crypto ETPs on Nasdaq Stockholm

21Shares, a prominent issuer of crypto-backed exchange-traded products (ETPs), has significantly expanded its presence in the European market by listing three new crypto-backed ETPs on the Nasdaq Stockholm exchange. This move further strengthens 21Shares’ position as one of the largest and most established providers of crypto ETPs globally. The firm now has its products listed on major exchanges across Europe, including Nasdaq, Euronext Amsterdam, and the SIX Swiss Exchange.

The three newly listed products on Nasdaq Stockholm are designed to provide investors with exposure to some of the most popular and innovative cryptocurrencies in the market. These include the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).

The 21Shares Bitcoin Core ETP (CBTC) offers investors an easy and efficient way to gain exposure to Bitcoin, one of the most well-known and widely held cryptocurrencies in the world. With a management fee of only 0.21%, this product is marketed as one of the most cost-effective Bitcoin ETPs in Europe. This makes it an attractive option for investors seeking to add Bitcoin exposure to their portfolios without having to directly manage or hold the cryptocurrency themselves. Bitcoin, as the leading cryptocurrency, continues to be a major driver of interest and adoption within the crypto market.

Next, the firm has launched the 21Shares Solana Staking ETP (ASOL), which is designed to offer exposure to Solana, a high-performance blockchain known for its speed and scalability. Solana has seen significant growth, particularly in the areas of decentralized finance (DeFi), gaming, and blockchain-based identity systems. With ASOL, investors are not only exposed to the growth of Solana but also benefit from staking rewards, a key feature of the Solana network, which allows participants to earn returns for helping secure the blockchain.

Lastly, the 21Shares XRP ETP (AXRP) offers exposure to XRP, a cryptocurrency designed for facilitating cross-border payments. XRP has garnered attention due to its role in the payments sector, where it aims to streamline the process of transferring money between different countries, often providing faster and cheaper alternatives to traditional payment systems. With AXRP, investors can gain exposure to XRP without having to directly hold or manage the asset.

Mandy Chiu, the Head of Financial Product Development at 21Shares, noted that institutional interest in crypto-backed ETPs has been growing rapidly across Europe. The increasing clarity provided by the MiCA (Markets in Crypto-Assets) regulatory framework is helping to boost institutional confidence, making it easier for financial institutions to participate in the market. Chiu emphasized that this is an important moment for crypto in Europe, with rising confidence and a marked increase in institutional participation.

Similarly, Helena Wedin, Head of ETF and ETP, European Markets at Nasdaq, echoed these sentiments, recognizing the increasing demand for crypto-backed ETPs in the region. Wedin highlighted that the market for these products continues to expand, creating opportunities for ETP issuers to meet the growing demand by offering more locally listed, cost-efficient, and innovative products to investors.

21Shares has a long track record in the crypto ETP market. The company made waves in 2018 when it launched its first physically backed crypto ETP, HODL, on the SIX Swiss Exchange. Since then, the firm has expanded its offerings and now has more than 30 ETPs available across various exchanges. With over $7.5 billion in assets under management, 21Shares has solidified its position as a leading issuer in the industry. The company continues to provide innovative products that give investors access to the rapidly growing and evolving crypto space.

This recent listing on Nasdaq Stockholm is a strategic move by 21Shares to further expand its presence in Europe, particularly as demand for crypto-backed ETPs continues to rise. With growing institutional interest, clearer regulatory frameworks, and the development of more cost-effective products, the future of crypto ETPs looks promising, and 21Shares is well-positioned to capitalize on this growth.