Umair
Asset management firm 21Shares has deepened its European footprint by launching three new crypto exchange-traded products (ETPs) on Nasdaq Stockholm, according to a March 24 announcement.
The newly introduced products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).
With the listings on Nasdaq Stockholm, 21Shares broadens its market reach beyond its existing operations across major European exchanges. Currently, the firm offers crypto ETPs on eleven major platforms, including Nasdaq, SIX Swiss Exchange, and Euronext Amsterdam.
Meanwhile, 21Shares’ move in Sweden is unsurprising considering the positive experiences the asset class is experiencing in other markets.
Bitcoin ETPs have significantly outperformed traditional ETFs in the US over the past year, drawing record inflows during the reporting period.
At the same time, investor optimism toward other digital assets like Solana and XRP continues to grow as regulators in the United States actively consider potential spot ETF products featuring these assets.
Bridging TradFi and crypto
21Shares positions its newly listed ETPs as transparent and regulated vehicles for European investors to gain direct, physically backed exposure to cryptocurrencies.
According to the firm, each product aims to simplify the process for investors to diversify their portfolios by directly linking them to underlying crypto.
Notably, the CBTC product carries an attractive low management fee of just 0.21%, enabling cost-effective Bitcoin exposure.
Meanwhile, the ASOL product allows investors to participate directly in staking rewards, increasing potential returns from Solana holdings.
Additionally, AXRP offers investors exposure to XRP, particularly emphasizing its growing use in global payment solutions.
According to Mandy Chiu, 21Shares’ Head of Financial Product Development, these product launches arrive during an essential period of regulatory progress in Europe.
Chiu explained that European institutional interest is accelerating due to the increased regulatory clarity provided by the Markets in Crypto-Assets (MiCA) framework.
Chiu added:
“This year represents a breakthrough moment for crypto in Europe, with increasing confidence driven by the MiCA regulatory framework and a significant rise in institutional participation. Our presence on Nasdaq Stockholm reflects our ambition to simplify crypto investing for European investors.”
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