21Shares is launching two new crypto exchange-traded merchandise (ETPs), bringing its complete choices in Europe to 50 ETPs.
The new listings embody the 21Shares Artificial Superintelligence Alliance ETP (AFET), which tracks a bunch of decentralized AI protocols, together with Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, and the 21Shares Raydium ETP (ARAY). ARAY provides publicity to Solana-based decentralized trade Raydium’s token.
Both ETPs are token-backed and commerce on main European exchanges. AFET is listed on Euronext Amsterdam and Paris, whereas ARAY trades on the SIX Swiss Exchange, in keeping with a press launch.
“With these new launches, 21Shares now offers investors access to 50 physically backed crypto ETPs across Europe,” mentioned Duncan Moir, the agency’s president. The firm manages greater than $11 billion in property globally.
CoinDesk Indices, a subsidiary of CoinDesk, is the index supplier for the 21Shares Raydium ETP, in addition to greater than 40 ETPs throughout 21Shares' product suite.
In 2018, 21Shares issued the world’s first token-backed crypto ETP. Since then, it has expanded its exchange-listed product providing throughout numerous sectors of the crypto ecosystem.
While the quantity of crypto ETPs being traded in Europe vastly outnumbers the choices in the United States, they’re dwarfed in phrases of buying and selling quantity and property underneath administration.
Crypto ETPs in Europe at the moment have round $23.24 billion in property underneath administration, in keeping with ETFBook knowledge, whereas spot bitcoin and ether ETFs in the United States have over $174 billion in AUM.
