Europe Gets More Crypto Choices With New ETPs

To expand its European product line, 21Shares, a crypto asset manager, introduced three exchange-traded products (ETPs) on Euronext Paris and Amsterdam.

The new funds are referred to as 21Shares Immutable ETP (AIMX), 21Shares Injective Staking ETP (AINJ), and 21Shares Sui Staking ETP (ASUI). The company manages over $3.3 billion in assets, including 43 European crypto ETPs.

Due to the cryptocurrency market’s recovery, the asset manager’s total assets under management (AUM) surpassed $5 billion as of March.

Other funds it currently provides in Europe include a diversified crypto portfolio, Bitcoin ownership, and Ethereum Staking.

According to 21Shares, its most popular European product is the Solana Staking ETP (ASOL). ASOL, the world’s first Solana ETP, was established in 2021 and presently has an AUM exceeding $800 million.

21Shares’ ETPs Capitalize on Gaming and Emerging Blockchains

The Immutable ETP enables investors to capitalize on the gaming and digital collectibles trend by monitoring the performance of the Immutable native token IMX.

AIMX is an appealing alternative for investors interested in capitalizing on the potential development of the crypto gaming sector, as the Immutable blockchain is perceived as a potential leader.

Subsequently, the Injective Staking ETP integrates exposure to the Injective native token INJ with staking rewards that are automatically reinvested.

This method enables investors to capitalize on the increasing importance of decentralized finance (DeFi) within the Injective network and the potential growth of INJ.

Lastly, the Sui Staking ETP concludes the launch by exposing the native token SUI. Like the Injective ETP, it automatically reinvests staking rewards to increase returns.

It also provides a convenient method to capitalize on the network’s staking opportunities and SUI’s potential development.

In a statement, 21Shares CEO Hany Rashwan stated that the world of decentralized finance (DeFi) is in a state of perpetual evolution due to the accelerated pace of technological innovation.

“Concurrently, investors are demonstrating persistent enthusiasm for acquiring exposure to emerging blockchain technologies, platforms, and protocols.”

Asset Manager Extends Its Influence

The launch in Paris and Amsterdam continues 21Shares’ crypto ETP expansion in the United Kingdom. In May, it introduced four physically-backed crypto ETNs on the London Stock Exchange, which included Bitcoin, Ethereum Staking, and Core variants of both.