21Shares Lists XRP ETP on Nasdaq Stockholm, Expanding European Footprint

21Shares, a prominent issuer of cryptocurrency exchange-traded products (ETPs), has expanded its European footprint with the listing of its XRP ETP on Nasdaq Stockholm. This move is part of the company's broader strategy to enhance its presence in the European market, where it already manages over $7.5 billion in assets and has listings on 11 major exchanges, including Nasdaq, Euronext Amsterdam, and SIX Swiss Exchange. The AXRP ETP is fully collateralized by XRP, the native token of Ripple, providing investors with a transparent and regulated way to gain exposure to XRP's role in cross-border payments.

The listing of AXRP on Nasdaq Stockholm is a significant development for XRP, as it brings the token into a regulated environment. This move is likely to attract a wider array of institutional and retail investors who are seeking secure and compliant investment vehicles. The regulated status of AXRP addresses a key concern surrounding cryptocurrencies—regulatory uncertainty. By listing on a reputable exchange like Nasdaq Stockholm, 21Shares provides investors with the assurance that their investments are subject to rigorous regulatory oversight. This move is likely to bolster confidence in XRP, which has faced regulatory challenges in the past.

On March 24, 2025, 21Shares introduced its XRP ETP, joining the launch of its Bitcoin Core ETP and Solana Staking ETP, all of which are fully backed by their respective cryptocurrency. The introduction of the XRP ETP is especially significant, considering the cryptocurrency’s growing prominence amid Ripple’s ongoing legal battle with the SEC. By listing the XRP ETP, 21Shares is offering institutional and retail investors an easy, compliant way to gain exposure to the digital asset, which has seen increasing interest from both retail and institutional investors alike.

This move positions 21Shares as a key player in the European market, especially as regulatory frameworks such as the Markets in Crypto-Assets (MiCA) regulation continue to provide clarity and confidence for investors. With an increasing number of institutional investors looking to diversify their portfolios, crypto-backed financial products that meet regulatory standards are becoming increasingly popular. The regulatory environment in Europe has been gradually evolving, which has played a significant role in the growing confidence among investors looking for secure ways to invest in digital assets.

Mandy Chiu, Head of Financial Product Development at 21Shares, expressed that the company’s decision to list these products on Nasdaq Stockholm reflects a direct response to the growing demand for crypto ETPs, particularly in Europe. The listings also underscore 21Shares’ commitment to providing transparent, regulated investment options in the digital asset space, further bridging the gap between traditional finance and the crypto ecosystem.

The listing of XRP, Bitcoin, and Solana ETPs aligns with the ongoing shift toward crypto assets in institutional portfolios. The move also taps into a broader trend in which investors are moving beyond Bitcoin, seeking exposure to altcoins like XRP and Solana. The growing institutional appetite for such investments is evident, and products like these ETPs are filling a critical gap in the market. The Nasdaq Stockholm listing provides a credible and regulated environment for investors to gain exposure to cryptocurrencies in a manner that is familiar to those accustomed to traditional financial products. As more financial institutions explore digital assets, 21Shares’ products are well-positioned to capitalize on the trend.

The introduction of AXRP also underscores the increasing acceptance of cryptocurrencies as a legitimate asset class. As more institutional investors seek exposure to digital assets, the demand for regulated and transparent investment vehicles is growing. 21Shares' fully-backed ETPs cater to this demand, offering a secure and compliant way for investors to gain exposure to cryptocurrencies. By providing fully-backed ETPs, 21Shares ensures that investors can engage in the cryptocurrency market with the same level of security and transparency as traditional financial instruments.

In addition to the XRP ETP, 21Shares has also launched Bitcoin and Solana ETPs on Nasdaq Stockholm, further deepening its European footprint. These new listings are part of the company's overarching strategy to offer investors diversified exposure to the expanding digital asset ecosystem. The launch of these ETPs is likely to enhance the credibility of the underlying cryptocurrencies and attract a wider range of investors, further solidifying their positions in the market.

Looking ahead, 21Shares is likely to continue expanding its product offerings as the demand for regulated crypto products grows. The listing of the XRP ETP is just one step in the company’s larger strategy to increase its presence in the rapidly evolving European market. As institutional interest in crypto continues to rise, products like the XRP ETP will likely play an increasingly important role in how investors interact with the crypto market, providing a compliant and convenient option for those seeking digital asset exposure.