The European-based asset management firm 21Shares has broadened its product range aimed at investors. The company announced the launch of three new cryptocurrency products that will be traded on Nasdaq Stockholm. Among the new offerings are the Bitcoin $87,522 Core ETP, Solana
$139 Staking ETP, and XRP ETP. With this move, the firm aims to address diverse investor profiles.
New Cryptocurrency Products for the European Market
21Shares has developed three new exchange-traded products (ETPs) to capitalize on the growing interest in cryptocurrency within the European market. These products, listed on Nasdaq Stockholm, include a low-cost Bitcoin Core ETP, the largest Solana staking ETP in Europe, and an XRP ETP targeted at both individual and institutional investors. The products provide investors with the opportunity to implement various strategies.
The firm states that it offers options tailored to different risk appetites and investment preferences. With the Solana Staking ETP, users can benefit from staking returns. The Bitcoin Core ETP offers a cost advantage due to low management fees. The XRP ETP is designed for both retail and institutional investors, showcasing a diversity that responds to the various expectations of European investors.
Increasing Interest in the Crypto Market and Regulatory Clarity
Mandy Chiu, the manager responsible for product development at 21Shares, highlighted the increasing institutional interest in the cryptocurrency market. Chiu noted that regulatory frameworks in Europe have become clearer and that investor demand is rapidly growing. She emphasized their commitment to expanding product portfolios in response to these developments.
The firm reported that assets under management have surpassed $7.5 billion, demonstrating 21Shares’ strong position in the industry. With the introduction of these new products, the company is expected to enhance its competitive edge in Europe. This initiative aligns with the expectation that the regulatory framework will facilitate the acceptance of these products.
Interest in cryptocurrency investments in Europe is steadily growing. Both individual investors and financial institutions are gravitating towards regular and transparent products. The new offerings from 21Shares hold the potential to contribute to the maturation of the market.