21Shares is a leading provider of exchange-traded products (ETPs) for cryptocurrencies, expanding its offerings in Europe by launching six new funds on the Nasdaq Stockholm stock exchange.
21Shares announced on Thursday the cross-listing of six additional products on Nasdaq Stockholm, including ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), and Polkadot (DOT), as well as two cryptocurrency basket products.
With this expansion, 21Shares now offers a total of 16 ETPs on Nasdaq Stockholm, which is just a small part of its numerous products available on other European exchanges such as the Swiss Exchange (SIX Swiss Exchange), Deutsche Börse Xetra, and Euronext Amsterdam.
The day before the new products were launched, 21Shares introduced the Solana (SOL) exchange-traded fund (ETF) on Wednesday, joining a series of SOL ETFs being issued.
"We continue to see strong demand from Nordic investors seeking diversified and cost-effective digital asset investment channels through regulated exchanges," said Alistair Byas Perry, Head of EU Investments at 21Shares.
"This expansion allows us to offer a broader suite of single-asset and index-based cryptocurrency ETPs, enabling both retail and institutional investors to customize their digital asset exposure within a trusted and transparent framework," he added.
With listings on multiple exchanges in Europe and the United States, 21Shares is one of the largest cryptocurrency ETP providers, managing nearly $8 billion in assets globally, accounting for about 4% of the total $191.5 billion in cryptocurrency ETFs issued worldwide.
According to CoinShares, about half of 21Shares' managed assets are held in U.S. cryptocurrency ETFs, which are issued in collaboration with Cathie Wood's ARK Invest.
The expansion of 21Shares' cryptocurrency ETPs comes at a time when a large number of new cryptocurrency funds are entering the U.S. market, with the spot XRP (XRP) ETF making its debut on the Nasdaq last week.
Following the launch of the first spot XRP ETF by Canary Capital, more XRP funds are expected to debut in the coming days, including ETFs from Bitwise and Grayscale, which are scheduled to launch today and on Monday, respectively.
According to ETF expert Nate Geraci, XRP becomes the sixth asset to support a single-asset cryptocurrency ETF in the U.S., following Bitcoin (BTC), Ethereum (ETH), Solana, Litecoin (LTC), and Hedera (HBAR).
Despite the rising optimism around new cryptocurrency ETFs in the U.S., the portal cryptocurrency fund—the Bitcoin ETF—has recently struggled since it began trading in January 2024.
According to Bloomberg ETF analyst Eric Balchunas, on Tuesday, BlackRock's iShares Bitcoin ETF (IBIT) experienced its largest outflow day ever, with over $520 million leaving the fund.
According to CoinShares, after four consecutive weeks of outflows, the year-to-date inflow for the Bitcoin ETF has dropped to $27.4 billion, about 30% lower than last year's total of $41.7 billion.
Related: The Quantum Era Approaches: Can the Crypto Market Withstand the Test?
Original: “Aave, Chainlink ETPs Among 21Shares' Six New Listings in Europe”
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