XRP is witnessing considerable momentum in the realm of international payments following the rollout of new exchange-traded products (ETPs) on Nasdaq Stockholm, signifying a remarkable leap forward for regulated cryptocurrency access throughout Europe.
On March 24, 21Shares AG, a leading cryptocurrency investment firm celebrated for its trailblazing initiatives in creating exchange-traded products associated with digital assets, announced the unveiling of new listings on Nasdaq Stockholm as part of its continuous growth in Europe.
Based in Zurich and managing assets surpassing $7.5 billion, 21Shares disclosed that the newly introduced products include the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP). The company, which operates across 11 key exchanges, such as Euronext Amsterdam and SIX Swiss Exchange, aims to broaden cryptocurrency access for both institutional and retail investors in the Nordic region.
Mandy Chiu, Head of Financial Product Development at 21Shares, remarked on the strategic transformation and shifting regulatory environment:
“This year marks a pivotal moment for crypto in Europe, strengthened by increasing confidence from the MiCA regulatory framework and a significant uptick in institutional participation.”
Chiu further highlighted the firm’s mission to simplify crypto investments for European stakeholders: “Our establishment on Nasdaq Stockholm reflects our desire to make crypto investing more straightforward for European investors.” The newly launched CBTC offers investors physically-backed exposure to bitcoin, featuring a minimal management fee of 0.21%, while ASOL allows users to earn staking rewards via the Solana blockchain. These products provide investors with a compliant route to engage in emerging areas like decentralized finance and blockchain-based identity management.
Concerning its XRP product, 21Shares indicated that the 21Shares XRP ETP (AXRP) is fully backed by XRP, granting investors clear and regulated access to XRP’s crucial role in international payments.
With these new listings, 21Shares is strengthening its footprint in markets where there is a rising demand for compliant and secure digital asset investments. The introduction on Nasdaq Stockholm serves as a key milestone in the company’s quest to bridge traditional finance with decentralized innovations, cementing its status as a major player in the global crypto ETP arena.