21Shares, a leading cryptocurrency exchange-traded product (ETP) provider, is expanding its offering in Europe with the launch of six more funds on Swedish stock exchange Nasdaq Stockholm.
21Shares on Thursday announced the cross-listing of six additional products on Nasdaq Stockholm, including ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT) and two cryptocurrency basket products.
With this expansion, 21shares now offers a total of 16 ETPs on Nasdaq Stockholm. This is just a few of the multiple ETPs available on other European exchanges such as SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.
The new launch comes a day after 21Shares launched the Solana (SOL) exchange-traded fund (ETF) on Wednesday, adding to a series of SOL ETF launches.
21Shares manages $8 billion in AUM
“We continue to see strong demand from Nordic investors seeking diverse and cost-effective access to digital assets through regulated exchanges,” said Alistair Biers Perry, head of EU investments at 21Shares.
“This expansion allows us to offer an even broader toolkit of single-asset and index-based crypto ETPs, allowing both retail and institutional investors to tailor their digital asset exposures within a trusted and transparent framework,” he added.
List of newly launched 21Shares crypto ETPs on Nasdaq Stockholm. Source: 21 shares
Listed on multiple exchanges in Europe and the US, 21Shares is one of the largest crypto ETP providers, with approximately $8 billion in assets under management worldwide. This represents about 4% of the total $191.5 billion in crypto ETFs issued worldwide.
Roughly half of 21Shares’ AUM is held in US crypto ETFs issued in partnership with Cathie Wood’s ARK Invest, according to CoinShares data.
Year-to-date inflows and operating balances as of Monday for European and US crypto ETF/ETP issuers. Source: CoinShares
So many crypto ETFs
The 21-share crypto ETP expansion comes amid a wave of new crypto funds flooding the U.S. market, including the debut of the Spot XRP (XRP) ETF on the Nasdaq exchange last week.
Following Canary Capital’s launch of the first spot XRP ETF, more XRP funds are expected to debut in the coming days, including Bitwise and Grayscale ETFs scheduled to launch today and Monday, respectively.
sauce: james seifert
XRP has become the sixth asset to back a single-asset crypto ETF in the U.S., following Bitcoin (BTC), Ether (ETH), Solana, Litecoin (LTC), and Hedera (HBAR), according to ETF expert Nate Geraci.
Despite growing optimism about new U.S. crypto ETFs, the Bitcoin ETF, a gateway crypto fund that began trading in January 2024, has struggled recently.
Related: BTC regains $92,000 as US Bitcoin ETF suffers 5-day disaster
BlackRock’s iShares Bitcoin ETF (IBIT) posted its worst outflow in history on Tuesday, with more than $520 million leaving the fund, according to Bloomberg ETF analyst Eric Balchunas.
After four consecutive weeks of outflows, year-to-date inflows into Bitcoin ETFs fell to $27.4 billion, about 30% below last year’s total of $41.7 billion, according to data from CoinShares.
Magazine: Saylor denies Bitcoin decline, XRP ETF debut tops charts: Hodler’s Digest, November 9-15
