21Shares launches BTC, Solana, and XRP ETPs on Nasdaq Stockholm
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21Shares launches BTC, Solana, and XRP ETPs on Nasdaq Stockholm
The newly launched products include the 21Shares BTC Core ETP (CBTC), 21Shares Solana Staking ETP (ASOL), and 21Shares XRP ETP (AXRP).
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Translation: Blockchain Knight
According to an announcement on March 24, asset management firm 21Shares has expanded its footprint in Europe by launching three new crypto asset exchange-traded products (ETPs) on Nasdaq Stockholm.
The newly launched products are the 21Shares BTC Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).
With this listing on Nasdaq Stockholm, 21Shares extends its market reach beyond its existing presence on major European exchanges.
The company currently offers crypto ETPs across eleven major platforms, including Nasdaq, SIX Swiss Exchange, and Euronext Amsterdam.
This move into Sweden is unsurprising given the strong performance of this asset class in other markets.
BTC ETPs in the U.S. have significantly outperformed traditional ETFs over the past year, attracting record inflows during the reporting period.
Meanwhile, investor optimism around digital assets such as Solana and XRP continues to grow as U.S. regulators actively consider approving spot ETFs based on these assets.
21Shares positions its newly listed ETPs as transparent and regulated instruments that provide European investors with direct, physically backed exposure to crypto assets.
The company stated that each product is designed to simplify portfolio diversification by directly linking investors to the underlying crypto assets.
Notably, CBTC carries a highly competitive management fee of just 0.21%, enabling cost-efficient access to BTC exposure.
Meanwhile, ASOL allows investors to participate directly in staking rewards, enhancing the potential returns from holding Solana.
In addition, AXRP offers investors exposure to XRP, highlighting XRP’s growing adoption in global payment solutions.
Mandy Chiu, Head of Financial Product Development at 21Shares, said the launch comes at a pivotal moment for regulatory progress in Europe.
Chiu explained that institutional investor interest is accelerating due to the clearer regulatory environment provided by the Markets in Crypto-Assets (MiCA) framework.
"This year marks a breakthrough moment for crypto assets in Europe," Chiu added. "The MiCA regulatory framework is building increasing confidence and driving significant growth in institutional participation. Our listing on Nasdaq Stockholm reflects our ambition to simplify crypto asset investing for European investors."
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