Home News 21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm

21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm

by Nicholas Bergstrom

21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm

21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm

21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm 21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm

21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm

21Shares capitalizes on growing institutional hobby to inroduce transparent crypto ETPs in Europe.

21Shares launches Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm

Cloak art/illustration by CryptoSlate. Image entails blended recount material that will comprise AI-generated recount material.

Asset management firm 21Shares has deepened its European footprint by launching three unique crypto commerce-traded products (ETPs) on Nasdaq Stockholm, in line with a March 24 announcement.

The newly launched products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).

With the listings on Nasdaq Stockholm, 21Shares broadens its market attain previous its present operations all the most effective draw by major European exchanges. At stamp, the firm offers crypto ETPs on eleven major platforms, including Nasdaq, SIX Swiss Alternate, and Euronext Amsterdam.

Meanwhile, 21Shares’ transfer in Sweden is unsurprising pondering the clear experiences the asset class is experiencing in completely different markets.

Bitcoin ETPs ranking greatly outperformed former ETFs within the US over the last 365 days, drawing file inflows all the most effective draw by the reporting interval.

On the identical time, investor optimism toward completely different digital property treasure Solana and XRP continues to grow as regulators within the US actively set apart end into yarn capacity space ETF products featuring these property.

Bridging TradFi and crypto

21Shares positions its newly listed ETPs as transparent and controlled autos for European traders to extinguish recount, bodily backed publicity to cryptocurrencies.

Per the firm, each and each product objectives to simplify the technique for traders to diversify their portfolios by straight away linking them to underlying crypto.

Particularly, the CBTC product carries a stunning low management rate of correct 0.21%, enabling fee-efficient Bitcoin publicity.

Meanwhile, the ASOL product lets in traders to participate straight away in staking rewards, increasing capacity returns from Solana holdings.

Additionally, AXRP offers traders publicity to XRP, particularly emphasizing its growing exhaust in global fee solutions.

Per Mandy Chiu, 21Shares’ Head of Financial Product Development, these product launches arrive all the most effective draw by a extraordinarily essential interval of regulatory progress in Europe.

Chiu explained that European institutional hobby is accelerating attributable to the increased regulatory clarity supplied by the Markets in Crypto-Resources (MiCA) framework.

Chiu added:

“This 365 days represents a leap forward moment for crypto in Europe, with increasing self assurance pushed by the MiCA regulatory framework and a basic rise in institutional participation. Our presence on Nasdaq Stockholm reflects our ambition to simplify crypto investing for European traders.”

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Source credit : cryptoslate.com

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