21Shares has listed three of its crypto-backed ETPs on the Nasdaq Stockholm trade, additional increasing its attain into European markets.
In accordance with an official press release, the exchange-traded merchandise issuer has added three new ETPs to the Nasdaq Stockholm exchange. To this point, the corporate already has merchandise listed on 11 main exchanges, together with Nasdaq, Euronext Amsterdam, and SIX Swiss Trade.
One of many just lately listed merchandise on Nasdaq Stockholm is 21Shares Bitcoin Core ETP or CBTC. The product supplies customers with publicity to an funding instrument that’s fully-backed by Bitcoin (BTC). Not solely that, the product additionally gives a administration price of solely 0.21%. The agency claimed that CBTC is thought extensively throughout Europe as one of many “most cost-effective Bitcoin ETPs.”
Subsequent, the agency has listed its Solana Staking ETP, ASOL. In accordance with the discover, ASOL is the biggest Solana (SOL) staking ETP within the area at press time. The product grants traders searching for publicity to Solana an opportunity to build up yields from its returns whereas additionally tapping into developments in blockchain expertise. By ASOL, traders can discover sectors similar to gaming, finance, and identification safety within the blockchain.
Lastly, the agency has made 21Shares XRP ETP or AXRP out there on Nasdaq Stockholm. Just like the earlier two ETPs, AXRP is fully-backed by XRP (XRP). Due to this fact, it gives traders publicity to XRP with out holding it immediately. Not solely that, merchants can discover its potential for facilitating cross-border payments. XRP is thought for its capability to bridge forex for cross-border funds.
Head of Monetary Product Improvement, Mandy Chiu, said that institutional adoption for crypto-backed ETPs is quickly rising throughout Europe, as increasingly international locations within the area are in search of clearer regulatory pointers.
“This 12 months represents a breakthrough second for crypto in Europe, with growing confidence pushed by the MiCA regulatory framework and a major rise in institutional participation,” stated Chiu.
Echoing Chiu’s sentiments, Head of ETF and ETP, European Markets at Nasdaq, Helena Wedin confirms that there’s a rising demand for ETPs within the European market. This leaves ETP issuers with a chance to fill the market hole.
“As the marketplace for crypto ETPs continues to increase, we’re happy to offer traders with extra domestically listed, cost-efficient, and modern merchandise,” stated Wedin.
Earlier this month, Nasdaq submitted a submitting for 21Shares’ Polkadot exchange-traded fund to the U.S. Securities and Exchange Commission. If authorised, the Polkadot ETF could be listed on Nasdaq, offering traders publicity to DOT (DOT).
21Shares is without doubt one of the world’s first and largest issuers of crypto exchange-traded merchandise. It launched its first bodily backed crypto ETP, HODL, on the SIX Swiss Trade in 2018 and has issued greater than 30 ETPs since then. The agency presently holds over $7.5 billion in belongings beneath administration.
