ETPs News: 21Shares Adds Cardano and Five New Crypto ETPs on Nasdaq Stockholm


ETPs News: 21Shares Adds Cardano and Five New Crypto ETPs on Nasdaq Stockholm


21Shares listed six new crypto ETPs on Nasdaq Stockholm, including Cardano (AADA), expanding its offerings to 16 and meeting Nordic demand for regulated crypto exposure.

In a significant development, Crypto ETP issuer 21Shares has listed six new products on Nasdaq Stockholm. These include Aave (AAVE), Cardano (AADA), Chainlink (LINK), Polkadot (ADOT), and two crypto index baskets (HODL, HODLX). This makes its offerings on the exchange total 16. This move is in reaction to consistently high demand. This demand is for the regulated crypto exposure in the Nordic market.

21Shares Broadens Crypto ETP Range for Nordic Investors

These new listings expand 21Shares’ already diverse product range on Nasdaq Stockholm. This includes flagship offerings such as the 21Shares Bitcoin ETP (ABTC), 21Shares Ethereum Staking ETP (AETH), 21Shares Solana ETP (ASOL) and 21Shares Bitcoin Core ETP (CBTC).

Alistair Byas Perry, Head of EU Investments and Capital Markets at 21Shares, said that they are still receiving solid interest from Nordic investors. These investors are looking for diversified access to digital assets at minimum cost. They prefer this in the form of a regulated exchange.

Related Reading: Crypto ETPs News: 21Shares, Bitwise, and WisdomTree Launch Crypto ETPs for UK Investors | Live Bitcoin News

“This expansion allows us to have an even greater toolkit,” Perry added. This includes single asset and index-based crypto ETPs. This provides an opportunity for both retail and institutional investors to customise their digital asset exposure. This occurs in the context of a framework of trust and transparency.

With this expansion, 21Shares now provides 16 ETPs on Nasdaq Stockholm. These range from big-cap cryptocurrencies, staking and index strategies, and innovative thematic products. All 21Shares ETPs are fully collateralized and 100% physically backed. This gives investors institutional-grade access to digital assets. This is without the need of direct custody or wallets.

With listings on SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, Deutsche Bors Xetra and London Stock Exchange, 21Shares is a leading provider. It is one of the largest and most diversified crypto ETP providers in Europe. It now manages around $8 billion in assets under management around the world.

Impacts: Increased Access, Diversification, and Market Growth

The listing of six new crypto ETPs by 21Shares on Nasdaq Stockholm has a number of impacts. Primarily, it improves controlled access towards the crypto market for investors in the Nordic region. The six new ETPs cover single-asset products of Cardano (AADA), Aave (AAVE), Chainlink (LINK), and Polkadot (ADOT). It also has two crypto index baskets (HODL and HODLX).

The effects of the new ETP listings are serious. Increased access for Nordic investors is a key benefit. The expansion provides both retail and institutional investors with more ways. They can get exposure to digital assets. This is through a familiar and regulated process of exchange environment.

Diversification is another crucial impact. The addition of new single-asset ETPs for a variety of cryptocurrencies and two index products helps investors create more diverse portfolios. HODLX, for example, provides a cost-efficient, diversified portfolio of the top ten digital assets.

Reduced barriers to entry also are noteworthy. ETPs make the process of investing simpler. They are traded like stocks. They remove the requirement of investors managing wallets, private keys or custody of the digital assets themselves.

Strengthened presence in Europe is also a result. The move further strengthens 21Shares position in the European crypto ETP market. This builds on the increased confidence. This confidence was after regulatory clarity was provided by the MiCA framework.

Potential for growth in the market is great. The listings could be the reason for further demand for the underlying cryptocurrencies. For example, for Cardon ETP, there is a growth potential. This is driven by market trends and clarity of regulation.

Ultimately, a Polkadot ETP was previously cited as a potentially significant step in its approval. It paves the way to the wider institutional adoption and boosts liquidity for DOT. Regulatory validation is also a bonus. The growth of regulated crypto products on exchanges such as Nasdaq contributes to the validation of the crypto assets for a broader investment audience.





Source link