21Shares AG, a leading cryptocurrency ETP issuer, has expanded its European presence by listing three well-known ETPs on Nasdaq Stockholm. The three ETPs consists of 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL) , and 21Shares XRP ETP (AXRP) as announced through GlobeNewswire today March 24, 2025.
21Shares AG Highlights the Increased Demand for Crypto Investment
The main aim of the cryptocurrency issuer is to make sure that it connects traditional finance with digital assets. Within the Nordic region, the demand for cryptocurrency investments had been growing and to cater this demand, 21Shares launched the above said products.
The CBTC is a cost-effective Bitcoin ETP; ASOL is the largest Solana staking ETP in the region; and AXRP provides a regulated exposure to XRP’s cross-border payment capabilities.
According to the press release, the 21Shares Bitcoin Core ETP provides investors with 100% physically-backed exposure to Bitcoin, this product will be offered at a low management fee of 0.21%. The Solana Staking ETP will be allowing the investors to capture the staking yields while taking advantage of the blockchain innovations. Whereas, the XRP ETP ensures that there is an transparent access to XRP.
Experts Comment
Mandy Chiu, Head of Financial Product Development at 21Shares, highlights the importance of expanding product offering, specially when there is an increased institutional adoption and regulatory clarity with the European region. With MiCA (Markets in Crypto-Assets) approval, the investor confidence increases within the region. Chiu also pointed out that the company’s presence on Nasdaq Stockholm adds another layer of confidence to the investors.
Helena Wedin, Head of ETF and ETP, European Markets at Nasdaq stated “As the market for crypto ETPs continues to expand, we are pleased to provide investors with more locally listed, cost-efficient, and innovative products.”
Price Impact
This development by the ETP issuer has come at a time when cryptocurrencies are slowly gaining momentum. The market cap for cryptocurrencies has increased by 1.6% in the last 24 hours, reaching $2.96 trillion at press time, as per CoinGecko.
The prices of Bitcoin, XRP and Solana have also observed an uptick since the announcement. The tokens have gained 0.3%, 0.4% and 0.8% respectively in the past hour as per CoinGecko.
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