21Shares Expands Crypto ETPs on Nasdaq Stockholm, Boosts Nordic Market Presence

21Shares, a leading issuer of crypto exchange-traded products (ETPs), has expanded its presence in Europe by listing three new ETPs on Nasdaq Stockholm. The newly added products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP). This move is part of 21Shares' strategy to strengthen its position in the Nordic market, which has seen a growing demand for crypto investment products.

The 21Shares Bitcoin Core ETP offers investors 100% physically backed exposure to Bitcoin, with a management fee of 0.21%. This ETP provides a straightforward way for investors to gain exposure to the world's most well-known cryptocurrency. The Solana Staking ETP, on the other hand, allows investors to capture staking yields while providing exposure to the Solana blockchain’s innovations in gaming, finance, and identity protection. This ETP is particularly appealing to those interested in the broader ecosystem of the Solana blockchain. Lastly, the XRP ETP is fully backed by XRP, a cryptocurrency widely used in cross-border payments, offering investors a direct way to gain exposure to this digital asset.

Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized the firm's commitment to expanding its product offerings to meet the growing investor demand. "As institutional adoption of cryptoasset ETPs accelerates and regulatory clarity strengthens across Europe, we remain committed to expanding our product offerings to meet growing investor demand," Chiu stated. This expansion aligns with the firm's goal of providing a diverse range of crypto investment products to cater to the evolving needs of investors.

21Shares now manages over $7.5 billion in assets and has listings across 11 major exchanges, including Nasdaq, Euronext Amsterdam, and SIX Swiss Exchange. This extensive reach allows the firm to offer its products to a wide range of investors across Europe. Helena Wedin, Head of ETF and ETP, European Markets at Nasdaq, welcomed the expansion, stating that it provides investors with more locally listed, cost-efficient, and innovative products. This collaboration between 21Shares and Nasdaq Stockholm underscores the growing acceptance and integration of crypto ETPs in the European financial landscape.

This move by 21Shares is indicative of the broader trend of increasing institutional adoption of crypto-backed ETPs in Europe. The region is witnessing a significant rise in institutional participation, driven by clearer regulatory guidelines and the MiCA regulatory framework. This framework is expected to provide a more stable and predictable environment for crypto investments, further boosting investor confidence.

The listing of these new ETPs on Nasdaq Stockholm is a strategic move by 21Shares to tap into the growing demand for crypto investment products in the Nordic market. The firm's commitment to expanding its product offerings and its extensive reach across major exchanges position it well to capitalize on this growing trend. As the market for crypto ETPs continues to expand, 21Shares is well-positioned to provide investors with innovative and cost-efficient products that meet their evolving needs.