Just-In: 21Shares Launches Bitcoin, Solana, & XRP ETPs In Europe
Highlights
- 21Shares expands its European presence with three crypto ETP listings.
- The asset manager launched Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm.
- These recent launch are expected to drive more investment into the crypto space from the European region.
The leading asset management firm 21Shares has expanded its foothold into Europe with its latest crypto products. According to the recent announcement, the firm has listed Bitcoin Core ETP (CBTC), the Solana Staking ETP (ASOL), and the XRP ETP (AXRP) on Nasdaq Stockholm.
21Shares Expands Reach With New Crypto ETPs
21Shares has expanded its European foothold with the listing of three crypto exchange-traded products on Nasdaq Stockholm. The asset manager, with more than $7.5 billion in assets under management, announced the listing, sparking market interest.
According to the announcement, the products include low-cost Bitcoin ETP, a Solana staking ETP, and XRP ETF, which are primarily designed for both retail and institutional traders. The firm’s Head of Financial Product Development has lauded the update, highlighting this expansion as a key milestone for the firm.
Meanwhile, she also noted that 2024 marks a crucial year for crypto adoption in Europe, driven by regulatory clarity under the Markets in Crypto-Assets (MiCA) framework. Mandy Chiu stated:
“As institutional adoption of cryptoasset ETPs accelerates and regulatory clarity strengthens across Europe, we remain committed to expanding our product offerings to meet growing investor demand.”
A Closer Look Into 21Shares Crypto ETPs
Bitcoin Core ETP (CBTC)
As per the announcement, CBTC comes with one of the lowest management fees in Europe, standing at just 0.21%. This cost-effective approach might help attract more investors seeking direct BTC exposure.
Solana Staking ETP (ASOL)
ASOL offers a unique staking model, allowing investors to earn staking rewards while maintaining exposure to Solana. Solana’s blockchain innovations in gaming, finance, and identity security make it a valuable asset. Having said that, this ETP helps investors tap into the benefits of staking without the technical complexities.
XRP ETP (AXRP)
AXRP is fully backed by XRP, providing transparent and regulated exposure to Ripple’s native assets. Meanwhile, as XRP continues to play a vital role in cross-border payments, this ETP presents an accessible way for European investors to gain exposure.
21Shares: A Leading Name In US Crypto Sphere
Apart from the European expansion, 21Shares has gained notable traction in the US. With the shifting regulatory stance in the US amid the global push for digital assets, the firm has gained notable traction from investors.
Recently, Nasdaq has submitted 19-4 filing for 21Shares Polkadot ETF with the US SEC, which has caught the eyes of the investors. Besides, this latest announcement also comes as investors’ focus on the crypto products has regained momentum.
For context, the US Spot Bitcoin ETF recorded an inflow of $785 million last week, after gloomy trading during the broader market retreat. Having said that, these new offerings might drive more investment and attract more traders into the digital assets space from the European region.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor Says ‘₿uy Now’ as Bitcoin Faces $111,000 Resistance
- Will the U.S. Government Shutdown Finally End This Month As Key Crypto Policies Face Delays
- Traders Price in December Fed Rate Cut as U.S. Inflation Softens Again
- Bitcoin vs Gold: BitMEX Co-Founder Arthur Hayes Explains Why Nations Still Prefer Buying Gold
- BTC, ETH, XRP Treasury Firms Hit Hard Amid Crypto Crash- Will Wall Street Hold Or Sell?
- Bitcoin Price Outlook: Key Levels Indicating How Low BTC Could Fall by the End of 2025?
- Post-Giveaway Supply Shock: Impact on FUNToken’s Liquidity and Market Depth
- Aster Price Poised to Hit $2 as Coinbase Adds ASTER to Listing Roadmap
- Filecoin Price Rockets 51% as Grayscale’s FIL Holdings Hit Record High — What’s Next for FIL?
- Dogecoin Price Surges 10% as Bitwise Spot ETF Expected to Go Live Soon
- NEAR Protocol Price Surges 37% as Open Interest Jumps 59% — Is $5 the Next Target?
