The leading asset management firm 21Shares has expanded its foothold into Europe with its latest crypto products. According to the recent announcement, the firm has listed Bitcoin Core ETP (CBTC), the Solana Staking ETP (ASOL), and the XRP ETP (AXRP) on Nasdaq Stockholm.
21Shares Expands Reach With New Crypto ETPs
The European crypto investment space is seeing rapid growth, and 21Shares is capitalizing on this trend. The asset manager, with over $7.5 billion in assets under management, has now listed three of its popular crypto ETPs in Sweden.
These include a low-cost Bitcoin ETP, the largest Solana staking ETP in Europe, and an XRP ETP designed for institutional and retail investors. Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized the significance of this expansion.
She noted that 2024 marks a crucial year for crypto adoption in Europe, driven by regulatory clarity under the Markets in Crypto-Assets (MiCA) framework. Mandy Chiu stated:
“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.”
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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