21Shares Launches Three New Crypto ETPs on Nasdaq Stockholm

21Shares, a prominent asset management firm, has expanded its European presence by launching three new crypto exchange-traded products (ETPs) on Nasdaq Stockholm. The newly introduced products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).

With these listings, 21Shares extends its market reach beyond its existing operations across major European exchanges, including Nasdaq, SIX Swiss Exchange, and Euronext Amsterdam. This move is part of 21Shares' strategy to provide European investors with cost-efficient, physically backed access to cryptocurrencies, aligning with the growing demand for crypto investment in the region.

The 21Shares Bitcoin Core ETP (CBTC) offers investors 100% physically-backed exposure to Bitcoin, the largest cryptocurrency by market capitalization. With a management fee of just 0.21%, CBTC is positioned as one of the most cost-effective Bitcoin ETPs in Europe. This product is designed to provide a transparent and regulated investment vehicle for those looking to gain exposure to Bitcoin without the complexities of direct ownership.

The 21Shares Solana Staking ETP (ASOL) provides investors with physically-backed exposure to Solana, capturing staking yields for enhanced returns. This ETP taps into the innovative blockchain technology of Solana, which is utilized across various sectors including gaming, finance, and identity protection. By offering staking yields, ASOL aims to provide investors with additional income streams while benefiting from the growth potential of the Solana ecosystem.

The 21Shares XRP ETP (AXRP) is fully backed by XRP, offering investors transparent and regulated exposure to this cryptocurrency. XRP plays a critical role in cross-border payments, making AXRP an attractive option for those interested in the financial infrastructure of digital assets. This ETP allows investors to participate in the potential growth of XRP without the need for direct cryptocurrency management.

Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized the firm's commitment to expanding its product offerings to meet the growing demand for cryptoasset ETPs in Europe. The launch of these ETPs on Nasdaq Stockholm is a testament to 21Shares' ambition to simplify crypto investing for European investors. The firm's presence on this exchange reflects its dedication to providing transparent and regulated access to cryptocurrencies, driven by the MiCA regulatory framework and increasing institutional participation.

Helena Wedin, Head of ETF and ETP, European Markets at Nasdaq, welcomed the expansion of 21Shares' offerings, noting the growing demand for ETPs and the importance of providing investors with locally listed, cost-efficient, and innovative products. This collaboration between 21Shares and Nasdaq Stockholm underscores the exchange's role in facilitating the growth of the crypto ETP market in Europe.

The launch of these ETPs on Nasdaq Stockholm is a significant development for the European crypto market. It provides investors with a regulated and transparent way to gain exposure to Bitcoin, Solana, and XRP, aligning with the increasing institutional adoption of cryptoasset ETPs. As the regulatory environment for cryptocurrencies continues to evolve, 21Shares' expansion into the Nordic market is a strategic move that positions the firm as a leader in the European crypto ETP space.