21Shares Unveils Trio of Fresh Digital Currency ETPs on Nasdaq Stockholm
21Shares broadens its footprint in the European arena via the debut of three novel cryptocurrency-underpinned ETPs on the Nasdaq Stockholm stock market.
The exchange-traded instrument provider has incorporated three new ETPs into the Nasdaq Stockholm exchange. Thus far, the firm has featured instruments on 11 prominent stock exchanges, encompassing Nasdaq, Euronext Amsterdam, and the Swiss Stock Exchange.
Among the instruments freshly introduced on Nasdaq Stockholm is the 21Shares Bitcoin Core ETP, or CBTC. This instrument furnishes users with an investment mechanism entirely collateralized by Bitcoin (BTC). Furthermore, the instrument boasts a management charge of merely 0.21%. The firm asserts that CBTC is extensively deemed in Europe as “one of the most economical Bitcoin ETPs.”
Subsequently, the firm unveiled its Solana Staking ETP, or ASOL. As per the declaration, ASOL stands as the preeminent Solana (SOL) staking ETP in the territory. This instrument extends to investors pursuing exposure to Solana a chance to amass yields while capitalizing on progressions in blockchain technology. Via ASOL, investors can delve into domains such as gaming, finance, and identity safeguarding within the blockchain.
Ultimately, the firm has rendered the 21Shares XRP ETP, or AXRP, accessible on Nasdaq Stockholm. Akin to the preceding two ETPs, AXRP is entirely collateralized by XRP (XRP). It consequently accords investors XRP exposure devoid of needing to possess it firsthand. Furthermore, traders can probe its aptitude to streamline cross-border transactions. XRP is renowned for its proficiency in constructing a monetary conduit for cross-border payments.
Mandy Chiu, Director of Financial Product Creation, remarked that institutional assimilation of cryptocurrency-backed ETPs is escalating swiftly in Europe as an increasing number of nations in the vicinity pursue more explicit regulatory directives.
According to Changpeng Zhao, this year represents a watershed moment for cryptocurrencies in Europe, attributable to the notable surge in institutional involvement propelled by the MiCA regulatory structure.
Helena Wedin, who heads European Markets for ETFs and ETPs at Nasdaq, echoed a comparable sentiment, affirming the escalating need for ETPs within the European sphere. This presents a chance for ETP providers to address voids in the market.
Nasdaq had earlier submitted a request to the U.S. Securities and Exchange Commission concerning 21Shares’ Polkadot exchange-traded fund. Should it gain approval, the Polkadot ETF will secure a listing on Nasdaq, affording investors the avenue to allocate funds into DOT (DOT).
21Shares stands as one of the foremost and most substantial issuers of crypto exchange-traded offerings globally. Since introducing its inaugural physically-backed crypto ETP HODL on the Swiss stock exchange SIX back in 2018, the firm has rolled out in excess of 30 ETPs. Presently, the company boasts over $7.5 billion in assets being overseen. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Wedin remarked: “As the crypto ETP arena persists in its growth trajectory, we are thrilled to present investors with an expanded array of locally listed, economical, and pioneering products.”
