An asset management firm has expanded its presence in Europe by launching three new cryptocurrency exchange-traded products (ETPs) on Nasdaq Stockholm, as announced on March 24.
The newly launched offerings include the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).
By listing on Nasdaq Stockholm, the firm enhances its market presence beyond its current operations in major European exchanges. It now offers crypto ETPs across eleven prominent platforms, including Nasdaq, SIX Swiss Exchange, and Euronext Amsterdam.
The firm’s expansion into Sweden comes as no surprise, given the favorable conditions surrounding the asset class in various markets.
Bitcoin ETPs have notably outshone traditional ETFs in the US over the past year, achieving record inflows during this time.
Investor enthusiasm for other digital assets, including Solana and XRP, is also rising, especially as US regulators consider potential spot ETF products involving these assets.
Connecting Traditional Finance and Crypto
The newly listed ETPs are described as transparent and regulated investment vehicles for European investors seeking direct, physically-backed exposure to cryptocurrencies.
The firm states that each product is intended to simplify portfolio diversification by linking investors directly to the underlying crypto assets.
Significantly, the CBTC product features an appealing management fee of just 0.21%, making Bitcoin exposure more affordable.
Moreover, the ASOL product enables participants to earn staking rewards, enhancing potential returns from Solana investments.
In addition, AXRP provides investors with exposure to XRP, highlighting its increasing implementation in global payment systems.
The firm’s Head of Financial Product Development noted that these launches come at a pivotal time of regulatory advancement in Europe.
She indicated that institutional interest in Europe is surging due to the regulatory clarity introduced by the Markets in Crypto-Assets (MiCA) framework.
She stated:
“This year marks a transformative moment for crypto in Europe, as confidence grows thanks to the MiCA regulatory framework and a notable uptick in institutional engagement. Our listing on Nasdaq Stockholm demonstrates our commitment to making crypto investment more accessible for European investors.”
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