Last updated on March 31st, 2025 at 07:51 am
21Shares has enhanced its presence in Europe by listing three new crypto-backed exchange-traded products (ETPs) on the Nasdaq Stockholm exchange.
This move strengthens its position as a key issuer in the market, expanding its portfolio across 11 major exchanges, including Nasdaq, Euronext Amsterdam, and SIX Swiss Exchange. The new ETPs expose investors to Bitcoin (BTC), Solana (SOL), and XRP, diversifying institutional access to European digital assets.
The firm introduced three new investment products: the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP). CBTC is a cost-effective Bitcoin investment instrument with a low management fee of 0.21%, making it one of the cheapest options in Europe for Bitcoin exposure. ASOL, the largest Solana staking ETP in Europe, allows investors to tap into Solana’s ecosystem while earning staking rewards, with a focus on sectors like gaming and decentralized finance. Lastly, AXRP provides exposure to XRP, facilitating investments in digital payments and blockchain remittances without the need to hold the asset directly.
Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized the growing institutional appetite for crypto-backed ETPs, driven by increasing regulatory clarity across Europe.
“This year represents a breakthrough moment for crypto in Europe, with increasing confidence driven by the MiCA regulatory framework and a significant rise in institutional participation,”
Chiu stated.
Similarly, Helena Wedin, Head of ETF and ETP, European Markets at Nasdaq, acknowledged the increasing demand for locally listed, cost-efficient crypto investment products.
“As the market for crypto ETPs continues to expand, we are pleased to provide investors with more locally listed, cost-efficient, and innovative products,”
Wedin said.
Notably, Nasdaq has filed for approval of 21Shares’ Polkadot ETF with the SEC, allowing U.S. investors to gain regulated exposure to DOT if approved. Additionally, 21Shares has recently listed its Bitcoin Ethereum Core ETP (ABBA) on Xetra and reduced its management fee by 0.49% to make it more cost-effective for investors.
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