TL;DR
- 21Shares launches three new cryptocurrency ETPs on Nasdaq Stockholm, including Bitcoin Core (CBTC), Solana Staking (ASOL), and XRP (AXRP).
- With over $7.5 billion in assets under management, the firm seeks to expand access to digital asset investments for both institutional and retail investors in Europe.
- The growing demand for cryptocurrencies in Nordic countries and regulatory clarity in Europe, such as the MiCA regulation, are driving 21Shares’ expansion in the European market.
21Shares has expanded its presence in Europe by launching three new cryptocurrency exchange-traded products (ETPs) on Nasdaq Stockholm.
The firm, with over $7.5 billion in assets under management and a presence on eleven major exchanges, including Nasdaq, Euronext Amsterdam, and SIX Swiss Exchange, aims to extend the reach of digital asset investments to a new audience, both institutional and retail.
Bitcoin, Solana, and XRP
The new products include the Bitcoin Core ETP (CBTC), the Solana Staking ETP (ASOL), and the XRP ETP (AXRP). CBTC offers physical exposure to Bitcoin with one of the lowest management fees in the European market, set at just 0.21%.
This product allows investors to access the leading cryptocurrency in a cost-effective and regulated manner. Meanwhile, ASOL allows staking rewards while maintaining exposure to Solana, a network known for its speed and ability to support decentralized applications in industries such as gaming and finance. Finally, AXRP is fully backed by the XRP token, providing regulated access to the cross-border payments market driven by Ripple.
21Shares Seeks to Capitalize on the New Crypto Market in Europe
The demand for cryptocurrency investments in Nordic countries has increased significantly, prompting 21Shares to strengthen its offering in the region. Furthermore, the development of clearer regulatory frameworks in Europe, such as the MiCA (Markets in Crypto-Assets) regulation, has contributed to building a safer environment for institutional investors. This context has strengthened the perception of crypto investment products, reflected in the company’s expansion on Nasdaq Stockholm.
21Shares’ offerings respond to the growing interest of European investors in accessible, regulated, and cost-effective crypto investment products. The company seeks to facilitate exposure to digital assets at a key moment for the European market, where institutional confidence is rising and cryptocurrency adoption continues to expand
