21Shares Expands European Presence with New Crypto ETPs on Nasdaq Stockholm
Asset management firm 21Shares has deepened its European footprint by launching three new crypto exchange-traded products (ETPs) on Nasdaq Stockholm, according to a recent announcement.
Newly Introduced Crypto ETPs
- 21Shares Bitcoin Core ETP (CBTC)
- 21Shares Solana Staking ETP (ASOL)
- 21Shares XRP ETP (AXRP)
Market Reach Expansion
21Shares broadens its market reach with listings on Nasdaq Stockholm, expanding beyond existing operations across major European exchanges. The firm currently offers crypto ETPs on eleven major platforms including Nasdaq, SIX Swiss Exchange, and Euronext Amsterdam.
Bridging Traditional Finance and Crypto
21Shares positions its newly listed ETPs as transparent and regulated vehicles for European investors to gain direct, physically backed exposure to cryptocurrencies. The products aim to simplify the process for investors to diversify their portfolios by directly linking them to underlying crypto.
Key Features of the ETPs
- CBTC has a low management fee of 0.21%, providing cost-effective Bitcoin exposure.
- ASOL allows investors to participate directly in staking rewards, increasing potential returns from Solana holdings.
- AXRP offers exposure to XRP, emphasizing its growing use in global payment solutions.
Regulatory Progress and Institutional Interest
Mandy Chiu, 21Shares’ Head of Financial Product Development, highlighted the essential period of regulatory progress in Europe. She noted that European institutional interest is accelerating due to increased regulatory clarity provided by the Markets in Crypto-Assets (MiCA) framework.
Chiu stated: “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.”
