21Shares has introduced three new crypto-backed ETPs on the Nasdaq Stockholm exchange. This move broadens the company’s footprint in European markets.
The new additions include the 21Shares Bitcoin Core ETP (CBTC), which is fully backed by Bitcoin. CBTC boasts a low management fee of 0.21%, making it one of the most affordable Bitcoin ETPs in Europe.
Another listed product is the Solana Staking ETP (ASOL). It’s the largest Solana staking ETP in the region.ASOL lets investors earn yields from solana while exploring blockchain advancements in gaming, finance, and identity protection.
The third product is the 21Shares XRP ETP (AXRP), backed by XRP. It offers exposure to XRP’s potential in cross-border payments.
Mandy Chiu, Head of Financial Product progress at 21Shares, notes the growing institutional adoption of crypto ETPs in Europe. This is driven by clearer regulatory guidelines like the MiCA framework.
Helena Wedin, Head of ETF and ETP at Nasdaq European Markets, confirms the rising demand for ETPs in europe. “We’re excited to offer more cost-efficient and innovative products,” she said.
21Shares is a pioneer in crypto ETPs, launching its first product in 2018. It now manages over $7.5 billion in assets.
Earlier this month, Nasdaq filed for 21Shares’ polkadot ETF with the U.S. SEC.If approved, it will provide exposure to DOT.
