Cryptonews Altcoin News

European Investors Get More Crypto Options as 21Shares Launches New ETPs

ETPs Europe

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Author Profile

Last updated:

July 10, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Crypto asset manager 21Shares has launched three crypto exchange traded products (ETPs) on Euronext Paris and Amsterdam, looking to grow its offerings.

The new funds are called 21Shares Immutable ETP (AIMX), 21Shares Injective Staking ETP (AINJ) and 21Shares Sui Staking ETP (ASUI). Counting these, the firm now offers 43 crypto ETPs in Europe, managing over $3.3b in total assets.

As of March, the asset manager’s total assets under management (AUM) exceeded $5b, boosted by the crypto market’s rebound.

Other funds it already offers in Europe include options for Ethereum Staking, Bitcoin ownership, and a diversified crypto basket.

21Shares’ Solana Staking ETP (ASOL) is its most popular product in Europe, according to the firm. Launched in 2021 as the world’s first Solana ETP, ASOL currently has over $800m in AUM.

21Shares’ ETPs Capitalize on Gaming and Emerging Blockchains

The Immutable ETP lets investors jump on the gaming and digital collectibles trend, tracking Immutable native token IMX’s performance. The Immutable blockchain is seen as a potential leader in the crypto gaming space, making AIMX an attractive option for investors looking to capitalize on this growth.

Next, the Injective Staking ETP merges exposure to Injective native token INJ with automatically reinvested staking rewards. This approach lets investors benefit from both INJ’s potential growth and the rising significance of decentralized finance (DeFi) within the Injective network.

Finally, the Sui Staking ETP rounds out the launch with exposure to the native token SUI. Similar to the Injective ETP, it automatically reinvests staking rewards to boost returns. It also offers a convenient way to benefit from SUI’s potential growth and the network’s staking opportunities.

“The world of decentralized finance (DeFi) is constantly evolving, as technological innovation has continued to move at a rapid clip,” 21Shares CEO Hany Rashwan, said in a statement.

“Meanwhile, investors are expressing ongoing interest in gaining exposure to new blockchain technologies, platforms and protocols.”

Asset Manager Expands Reach

The launch in Paris and Amsterdam follows 21Shares’ crypto ETP rollout in the UK. In May, it launched four physically-backed crypto ETNs on the London Stock Exchange, including options for Bitcoin, Ethereum Staking, and Core versions of both.