21Shares has announced the cross-listing of five cryptocurrency ETPs on Nasdaq Stockholm, increasing its presence in the Nordic region.
New Products on Nasdaq Stockholm
The newly listed products include ETPs for Uniswap (AUNI), Avalanche (AVAX), Bitcoin Gold (BOLD), Solana Core Staking (CSOL), and Ethereum Core (ETHC). With these additions, 21Shares now has a total of ten products listed on the Swedish exchange.
Expansion of 21Shares
According to the firm, the expansion is part of its efforts to increase its footprint in the Nordics, providing investors with access to regulated and transparent digital asset products. Mandy Chiu, head of Financial Product Development at 21Shares, noted that these products allow investors to diversify their portfolios and enhance their resilience.
Investment Interest in Crypto ETPs
Despite facing outflows, the crypto ETP market in Europe continues to grow. Germany, in particular, has attracted significant inflows into digital asset products this year, reaching a record $908 million. There is also growing interest from institutional investors. It is expected that more retail investors will soon gain access to crypto ETPs as the Financial Conduct Authority in the UK plans to lift the ban on crypto exchange-traded notes.
The expansion of 21Shares in the Nordics and the increasing interest in crypto ETPs in Europe highlight the ongoing development of the digital asset sector and a growing focus from investors.
