Solana News Today: 21Shares Bridges Traditional and Digital Finance with Nordic ETP Expansion

21Shares, one of the world's largest issuers of crypto exchange-traded products (ETPs), has expanded its offerings on Nasdaq Stockholm with the launch of six new ETPs, providing investors with regulated access to major cryptocurrencies and diversified digital asset baskets. The new products include exposure to Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT), and two index-based baskets-HODL and HODLX-bringing the firm's total listings on the exchange to 16 new ETPs. The move underscores growing demand in the Nordic region for structured, institutional-grade crypto investment vehicles.

The expansion aligns with 21Shares' broader strategy to enhance accessibility to digital assets through transparent, physically backed structures. Alistair Byas Perry, Head of EU Investments and Capital Markets at 21Shares, noted that Nordic investors increasingly seek diversified, cost-efficient exposure to cryptocurrencies within a regulated framework. "This expansion enables us to offer an even broader toolkit of single-asset and index-based crypto ETPs, giving both retail and institutional investors the ability to tailor their digital asset exposure within a trusted and transparent framework," Perry said according to reports.

The firm's offerings now cover major cryptocurrencies, staking strategies, and multi-asset baskets, with all products fully collateralized and physically backed. Investors gain exposure to underlying assets without managing custody or wallets, a key differentiator in the crypto ETP market. 21Shares' global assets under management (AUM) now exceed 8 billion in assets, supported by strong inflows into its Bitcoin, Ethereum, and multi-asset strategies.

The firm has also entered the U.S. market with the 21Shares Solana ETF (TSOL), listed on the Chicago Board Options Exchange (CBOE) with 100 million in initial AUM. TSOL provides U.S. investors direct access to the spot price of Solana (SOL), expanding 21Shares' portfolio of crypto ETPs in North America according to market analysis. Federico Brokate, Global Head of Business Development, highlighted Solana's "efficiency and real-world use cases" as key attractions for both retail and institutional investors according to market reports.

The expansion comes amid leadership changes and strategic acquisitions. Ophelia Snyder, a co-founder, recently departed after seven years, during which the firm pioneered crypto ETPs in Europe. The company was acquired by FalconX, a digital asset prime brokerage, in an undisclosed deal, positioning it to scale its offerings across North America, Europe, and Latin America.

Despite recent outflows in the broader crypto ETP market-CoinShares reported $2 billion in weekly outflows- the Nordic region remains a growth driver for 21Shares. The firm's focus on regulated access and institutional partnerships, such as its validator role in the Canton Network, reinforces its position as a leader in bridging traditional and digital finance.