Asset Management firm 21shares has deepened its European footprint by launching three new crypto exchange products (ETPs) on Nasdaq Stockholm, according to a March 24 announcement.
The newly introduced products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana strike ETP (ASOL) and the 21Shares XRP ETP (AXRP).
With the offers on Nasdaq Stockholm, 21Shares broadens its market range further than its existing activities in large European stock exchanges. Currently, the company offers Cryptoetp’s on eleven large platforms, including Nasdaq, Six Swiss Exchange and Euronext Amsterdam.
In the meantime, the movement of 21Shares in Sweden is not surprising considering the positive experiences that the activa class experiences in other markets.
Bitcoin ETPs have performed considerably better in the past year than traditional ETFs in the US, which draws record current during the reporting period.
At the same time, investor optimism towards other digital assets such as Solana and XRP continues to grow as regulators in the United States actively take into account potential spot ETF products with these assets.
Bridging Tradfi and Crypto
21Shares positions his newly mentioned ETPs as transparent and regulated vehicles for European investors to get direct, physically supported exposure to cryptocurrencies.
According to the company, every product is intended to simplify the process for investors to diversify their portfolios by directly linking them to underlying crypto.
The CBTC product in particular has an attractive low management allowance of only 0.21%, which makes it possible to cost-effective Bitcoin bust.
In the meantime, the ASOL product enables investors to participate directly in the discontinuation of rewards, which increases the potential return of Solana Holdings.
In addition, AXRP investors offer exposure to XRP, in particular the emphasis on its growing use in global payment solutions.
According to Mandy Chiu, the head of the development of 21Shares, these product launches arrive during an essential period of regulatory progress in Europe.
Chiu explained that European institutional interest is accelerating due to the increased regulatory clarity of the markets in crypto-assets (Mica) framework.
Chiu Added:
“This year a breakthrough moment for crypto in Europe, with increasing trust is powered by the MICA -regulating framework and a significant increase in institutional participation. Our presence on Nasdaq Stockholm reflects our ambition to simplify crypto investment for European investors.”