21Shares (a major provider of crypto exchange-traded products, or ETPs) is expanding their offerings in Europe, with the introduction of six additional funds to Sweden’s Nasdaq Stock Exchange.
The 21Shares Thursday announced The cross-listing on Nasdaq Stockholm of six new products, including ETPs (including Aave)AAVE), Cardano (ADAChainlinkLINK), Polkadot (DOTTwo crypto-basket products and a ).
21shares offers 16 ETPs to Nasdaq Stockholm. This is only a small fraction of their multiple offering. available on other European exchanges like SIX Swiss Exchange, Deutsche Börse Xetra, Euronext Amsterdam and more.
New launches were announced the day after. 21Shares launched Solana,SOL) exchange-traded fund (ETF) On Wednesday, SOL ETF launched another ETF.
AUM of $8 billion managed by 21Shares
“We continue to see strong demand from Nordic investors seeking diversified, cost-efficient access to digital assets through regulated exchanges,” Alistair Byas Perry is the head of EU investment at 21Shares.
“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,” He also added.
21Shares, with listings in Europe and America, is one of largest providers of crypto ETPs, managing assets worth nearly $8 billion globally. This represents 4% of total crypto ETFs worldwide, valued at $191.5 billion.
According According to CoinShares’ data, 21Shares holds roughly half its AUM in US crypto-ETFs issued by Cathie Wood’s ARK Invest.
There are many different crypto ETFs
This expansion of the crypto ETP by 21shares coincides with a flood of crypto funds entering the US market.XRPETFs debuting on the Nasdaq exchange Last week.
After Canary Capital launched the first spot XRP fund, it is expected that more XRP funds will debut in the next few days. These include ETFs by Bitwise and Grayscale scheduled for launch on Monday and today, respectively.
Nate Geraci of the ETF Experts says XRP is now the US’ sixth crypto ETF to be backed by a single asset. This follows Bitcoin.BTCEtherETHSolana, Bitcoin (LitecoinLTCHederaHBAR).
Bitcoin ETFs – the first crypto fund to debut trading in 2024 – have suffered recently despite the recent optimism about new US Crypto ETFs.
Related: US Bitcoin ETFs snap five-day bloodbath as BTC reclaims $92K
BlackRock’s iShares Bitcoin (IBIT) ETF saw the worst outflows on Tuesday with over $520m leaving. according Eric Balchunas, Bloomberg ETF Analyst
Bitcoin ETFs are seeing year-todate gains after four weeks in which they have experienced outflows. dropped To $27,4 billion is about 30% lower last year’s total of $41.7 billionAccording to CoinShares’ data,.
Magazine: Saylor denies Bitcoin sell-off, XRP ETF debut tops chart: Hodler’s Digest, Nov. 9 – 15
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Source: cointelegraph.com
