21Shares AG – a Switzerland-based investment product issuer – announced the listing of three new cryptocurrency exchange-traded products on the BX Swiss. Aave, Chainlink, and Uniswap are respectively the underlying assets of the ETPs.
Additionally, the global investment manager – VanEck – introduced its first multi-token cryptocurrency fund.
Diving Deeper into ETPs
According to a recent press release, 21Shares has doubled down on its digital asset endeavors by rolling out three more exchange-traded products based on cryptocurrencies. The ETPs are now listed on the stock exchange operator BX Swiss and track the performance of the following projects: Aave, Chainlink, and Uniswap.
The company described the first as “the forefront of decentralized finance through its open-source, non-custodial liquidity market protocol.”
Chainlink, in turn, is among “the most sophisticated networks” which has grown to encompass a significant number of use cases for DeFi, NFTs, and gaming applications, 21Shares outlined.
Uniswap delivers liquidity and trading for tokens of the Ethereum blockchain. The rapid development of the project has allowed its ecosystem to integrate more than 300 applications, compassing for a trading volume of over $750 billion.
Hany Rashwan – CEO and Co-Founder of 21Shares – pointed out that the most recent listings will enable investors to gain greater access to the crypto world.
“This is another exciting addition for us as we continue to expand our massive product suite,” he emphasized.
At the end of 2021, 21Shares listed its first physically-backed ETNs on Nasdaq Stockholm. The underlying assets of the products were Bitcoin and Ethereum, as they came under the ticker symbols ABTC and AETH.
As of February 2022, the Swiss organization manages over $2 billion in 26 cryptocurrency ETPs and 87 listings, including the only ETP tracking the world’s leading crypto exchange – Binance.
VanEck’s Newest Fund
According to a separate press release, the New York City-based financial institution with more than $80 billion in assets under management (AUM) has launched its first multi-token digital asset fund.
The product is listed as an ETN on the SIX Swiss and Deutsche Borse Xetra exchanges and provides European investors exposure to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), Polygon (MATIC), Tron (TRX), and Avalanche (AVAX).
Gijs Koning – Co-Head of VanEck Europe – reminded that his company had been an advocate of the cryptocurrency industry since 2017 when few enterprises believed in its merits.
“We were first to market in Europe with many of these exposures because we’re believers in the transformative nature of the underlying technologies and because providing exposure to transformative investments is at the core of our firm’s DNA,” he underlined.
While initiatives on European soil are thriving for VanEck, this is not the case for its endeavors in the United States. Last year, the firm filed with the SEC to launch a spot Bitcoin ETF, but the financial regulator eventually rejected the proposal.
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