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21Shares Expands Nordic Footprint With Six New Crypto ETP Listings on Nasdaq Stockholm

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21Shares, one of many largest issuers of cryptocurrency exchange-traded merchandise (ETPs), has strengthened its presence within the Nordic area with the cross-listing of six extra merchandise on Nasdaq Stockholm.

The newly added merchandise embrace the 21Shares Aave ETP (AAVE), the 21Shares Crypto Basket Index ETP (HODL), the 21Shares Cardano ETP (AADA), the 21Shares Chainlink ETP (LINK), the 21Shares Polkadot ETP (ADOT), and the 21Shares Crypto Basket 10 Core ETP (HODLX).

These be part of an current suite of choices already obtainable on the trade, together with flagship merchandise such because the 21Shares Bitcoin ETP (ABTC), the 21Shares Ethereum Staking ETP (AETH), the 21Shares Solana ETP (ASOL), and the 21Shares Bitcoin Core ETP (CBTC).

Stronger Access for Nordic Investors

The growth of 21Shares’ Swedish listings reveals the rising urge for food amongst Nordic buyers for diversified, cost-efficient publicity to digital property by regulated securities markets.

According to Alistair Byas Perry, Head of EU Investments and Capital Markets at 21Shares, buyers within the area proceed to display robust demand for safe and clear digital-asset funding autos.

He notes that broadening the vary of listed merchandise will enable each retail and institutional buyers to regulate their publicity extra exactly primarily based on their most well-liked digital asset methods.

With the six new merchandise now dwell, 21Shares affords a complete of sixteen ETPs on Nasdaq Stockholm, masking main cryptocurrencies, staking methods, multi-asset baskets, and index-based merchandise.

All choices are totally collateralised and bodily backed, permitting buyers to achieve publicity to underlying property with no need to handle custody, wallets, or trade accounts immediately.

A Growing European ETP Powerhouse

The growth in Sweden enhances 21Shares’ in depth presence throughout Europe. The agency already maintains listings on the SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, Deutsche Börse Xetra, and the London Stock Exchange, making it some of the geographically diversified crypto ETP suppliers within the area.

The firm now oversees roughly $8 billion in world property below administration, supported by robust inflows throughout its bodily backed Bitcoin, Ethereum, and multi-asset methods.

Digital Asset Products See $2B Outflows

CoinShares reports digital asset funding merchandise suffered their heaviest weekly outflows since February, with $2 billion exiting the market final week.

The sell-off marked the third consecutive week of withdrawals, bringing total outflows over the period to $3.2 billion.

The hunch follows sharp value declines throughout main cryptocurrencies, which have pushed whole property below administration in digital asset ETPs down 27% from their early-October peak of $264 billion to $191 billion.

The publish 21Shares Expands Nordic Footprint With Six New Crypto ETP Listings on Nasdaq Stockholm appeared first on Cryptonews.

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