21Shares AG has announced its expansion on Nasdaq Stockholm by adding five new cryptocurrency exchange-traded products (ETPs). This move aims to cater to the increasing appetite for digital assets in the Nordic region.
Expansion of 21Shares Product Portfolio
As part of its growth strategy, 21Shares strengthens its market position by increasing the number of ETPs on Nasdaq Stockholm to ten. The company aims to enhance access to crypto investments for both institutional and retail investors.
New Crypto ETPs
The newly listed products include ETPs tracking Uniswap (AUNI), Avalanche (AVAX), Bitcoin Gold (BOLD), Solana Core Staking (CSOL), and Ethereum Core (ETHC). These ETPs offer competitive annual fees ranging from 0.21% to 2.50% and are fully collateralized, traded on regulated exchanges.
Market Implications of New Listings
According to Mandy Chiu, Head of Financial Product Development at 21Shares, the expansion reflects increasing consumer interest in diversification and access to crypto markets. Helena Wedin from Nasdaq highlighted that the new listings demonstrate the evolution of investor needs and the importance of transparency in financial products.
The expansion on Nasdaq Stockholm and the addition of new ETPs emphasize 21Shares' commitment to providing investors with reliable means of investing in cryptocurrency that align with current market trends.
