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    21shares Launches Six Crypto ETPs in Sweden Amid ETF Craze

    CryptoGateBy No Comments3 Mins Read


    21Shares, a significant crypto exchange-traded product (ETP) supplier, is increasing its choices in Europe with the launch of six extra funds on Sweden’s inventory change, Nasdaq Stockholm.

    21Shares on Thursday announced the cross-listing of six further merchandise on Nasdaq Stockholm, together with ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT) and two crypto basket merchandise.

    With the growth, 21shares now affords a complete of 16 ETPs on Nasdaq Stockholm, which is only a fraction of a number of choices available on different European exchanges like SIX Swiss Alternate, Deutsche Börse Xetra, Euronext Amsterdam and extra.

    The brand new launches got here the following day after 21Shares launched the Solana (SOL) exchange-traded fund (ETF) on Wednesday, including to a sequence of SOL ETF launches.

    21Shares manages $8 billion in AUM

    “We proceed to see sturdy demand from Nordic buyers in search of diversified, cost-efficient entry to digital belongings by way of regulated exchanges,” 21Shares’ head of EU investments, Alistair Byas Perry, mentioned.

    “This growth allows us to supply a good broader toolkit of single-asset and index-based crypto ETPs, giving each retail and institutional buyers the power to tailor their digital asset publicity inside a trusted and clear framework,” he added.

    The record of newly launched 21Shares crypto ETPs on Nasdaq Stockholm. Supply: 21Shares

    With listings on a number of exchanges in Europe and the US, 21Shares is without doubt one of the largest crypto ETP suppliers, managing practically $8 billion in belongings globally, which accounts for roughly 4% of the entire $191.5 billion in crypto ETFs issued worldwide.

    According to CoinShares information, roughly half of 21Shares’ AUM is held in US crypto ETFs, issued in partnership with Cathie Wooden’s ARK Make investments.

    Crypto ETF/ETP issuers in Europe and the US by year-to-date inflows and AUM as of Monday. Supply: CoinShares

    Many, many crypto ETFs

    The crypto ETP growth by 21shares comes amid a wave of latest crypto funds flooding the US market, with spot XRP (XRP) ETFs debuting on the Nasdaq exchange final week.

    Following Canary Capital’s launch of the primary spot XRP ETF, extra XRP funds are anticipated to debut within the coming days, together with ETFs from Bitwise and Grayscale, scheduled to launch at present and Monday, respectively.

    Supply: James Seyffart

    In line with ETF skilled Nate Geraci, XRP grew to become the sixth asset to underpin a single-asset crypto ETF within the US, following Bitcoin (BTC), Ether (ETH), Solana, Litecoin (LTC) and Hedera (HBAR).

    Though optimism round new US crypto ETFs has been on the rise, Bitcoin ETFs, the gateway crypto funds that debuted buying and selling in January 2024, have struggled not too long ago.

    Associated: US Bitcoin ETFs snap five-day bloodbath as BTC reclaims $92K

    On Tuesday, BlackRock’s iShares Bitcoin ETF (IBIT) noticed its worst day of outflows ever, with greater than $520 million leaving the fund, according to Bloomberg ETF analyst Eric Balchunas.

    After 4 consecutive weeks of outflows, year-to-date inflows in Bitcoin ETFs dropped to $27.4 billion, about 30% under last year’s total of $41.7 billion, based on CoinShares information.