21Shares has announced the listing of three of its crypto-backed ETPs on the Nasdaq Stockholm exchange, strengthening its position in the European market.
New 21Shares Products
21Shares has launched three new crypto-backed ETPs on the Nasdaq Stockholm exchange. These include the Bitcoin Core ETP or CBTC, fully backed by Bitcoin, offering users an investment instrument with a management fee of only 0.21%. Additionally, the firm introduced the Solana Staking ETP, ASOL, the largest Solana staking ETP in the region. The XRP ETP or AXRP is also available, fully backed by XRP, allowing investors to gain exposure without directly holding the asset.
Rising Institutional Interest
Mandy Chiu, Head of Financial Product Development, noted the growing institutional demand for crypto-backed ETPs in Europe, fueled by clearer regulatory guidance. Helena Wedin, Head of ETF and ETP, European Markets at Nasdaq, also confirmed the increasing demand for ETPs in the European market.
Future Outlook and Plans
Earlier this month, Nasdaq submitted a filing for 21Shares' Polkadot ETF to the U.S. Securities and Exchange Commission. 21Shares remains one of the world's largest issuers of crypto exchange-traded products.
21Shares' expansion in Europe with new ETP listings on Nasdaq Stockholm highlights the rapid development of the cryptocurrency investment product market in the region.
