21Shares, a leading asset manager, has taken a major step to increase its presence in Europe by introducing three new cryptocurrency exchange-traded products (ETPs) on Nasdaq Stockholm.
This expansion includes a Bitcoin Core ETP, a Solana Staking ETP, and an XRP ETP, signaling the firm’s growing commitment to providing diverse crypto investment options for both individual and institutional investors.
With more than $7.5 billion in assets under management, 21Shares continues to cater to the increasing demand for digital asset exposure in Europe. The new products aim to make crypto investments more accessible with low-cost options, including the Bitcoin Core ETP, which boasts one of Europe’s lowest management fees at just 0.21%.
Meanwhile, the Solana Staking ETP offers a chance to earn staking rewards while maintaining exposure to Solana’s robust ecosystem. The XRP ETP, fully backed by Ripple’s native token, provides investors with regulated access to the growing cross-border payments sector.
This move comes at a time when the crypto market in Europe is poised for growth, thanks to clearer regulatory frameworks like the Markets in Crypto-Assets (MiCA) regulation. 21Shares sees 2024 as a critical year for accelerating crypto adoption, with institutional interest surging in response to regulatory certainty.
Through these new listings, 21Shares is positioning itself as a key player in the European crypto landscape, addressing the needs of investors eager to explore the digital asset space.
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