21Shares Introduced New Crypto ETPs in Europe

21Shares Introduces Crypto Products in Europe

21Shares, as a crypto exchange-traded product (ETP) provider, continues to expand its services in Europe. The company announced the launch of six new funds on the Nasdaq Stockholm exchange. The new products include ETPs for Aave, Cardano, Chainlink, and Polkadot, as well as two crypto basket products.

Expanding Product Range

With this expansion, 21Shares now offers a total of 16 ETPs on Nasdaq Stockholm. The company's products are also available on other European exchanges such as SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam. The new launches follow the company’s introduction of a Solana exchange-traded fund (ETF) on Wednesday and have attracted increasing attention in the crypto ETF space.

Increase in Crypto ETFs in the U.S.

This growth in Europe coincides with a rising interest in crypto funds in the U.S. market. Last week, the first spot XRP ETF listed on Nasdaq was launched by Canary Capital. Bitwise and Grayscale are also planning to launch similar products in the coming days. Crypto ETF expert Nate Geraci noted that XRP is the sixth asset supporting a single-asset crypto ETF in the U.S.

Developments Regarding Bitcoin ETFs

As optimism grows for new crypto ETFs in America, Bitcoin ETFs have recently faced challenges. According to CoinShares data, after four weeks of outflows, inflows into Bitcoin ETFs have dropped to $27.4 billion since the beginning of the year. This figure is approximately 30% lower than last year's total of $41.7 billion.

It is important to note that the information provided here does not constitute any investment advice.