21Shares Expands Nordic Presence with Six New Crypto ETPs on Nasdaq Stockholm

• 21Shares expands Nordic footprint with six new crypto ETPs on Nasdaq Stockholm.
• New ETPs align with growing demand for diversified, regulated digital asset exposure.
• The company now manages $8 billion in assets across multiple European exchanges.

21Shares, a major issuer of cryptocurrency exchange-traded products (ETPs), has expanded its footprint in the Nordic region by listing six new products on Nasdaq Stockholm. This addition brings the total number of the company’s ETPs available on the exchange to sixteen, reflecting the growing demand for regulated digital asset exposure in Sweden.

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) are the new listings. These new products align with the current offering of the firm on the exchange, which features flagship funds such as 21Shares Bitcoin ETP (ABTC) and Ethereum Staking ETF (AETH).

21Shares Enhances Portfolio Flexibility for Nordic Investors

The growth will be a strategic move in the firm’s approach to serving Nordic investors, who are growing more interested in diversified and affordable methods of investing in digital assets. Secondly, the relocation indicates an increasing trend of popularity of digital asset investment vehicles in standardized markets, such as Nasdaq Stockholm. 

Alistair Byas Perry, Head of EU Investments and Capital Markets at 21Shares, explained that the investors of the region are still very demanding regarding secure and transparent products. This diversification will enable the firm to allow investors to customize their portfolios by adding more products to them and targeting a particular digital asset strategy.

Following these six new products, the company has now expanded its portfolio of ETPs with major cryptocurrency options, staking strategies, and multi-asset baskets. Products are all fully collateralized and have a physical backing, providing investors exposure to the underlying assets without the complications of running wallets and exchanges. 

Also Read: 21Shares XRP ETF Gains SEC Approval to List on Cboe Under “TOXR” Ticker

European Growth Continues as Company Navigates Market Volatility

The growth in Sweden also enhances the European presence of the company. The company already trades on several big markets, such as the SIX Swiss Exchange, the Euronext Paris, the Euronext Amsterdam, the Deutsche Borse Xetra, and the London Stock Exchange. 

As one of the most geographically diversified crypto ETP providers in Europe, the company manages up to around $8 billion in assets.

The digital asset market has faced challenges despite the company’s expansion. According to CoinShares report on Monday, the largest weekly outflows of the digital asset investment products in months were reported, amounting to $2 billion out of the market. 

This sell-off marked the third consecutive week of withdrawals, totaling an outflow of $3.2 billion over the period. This follows a significant fall in the value of cryptocurrencies and reduced overall assets under management in crypto ETPs by 27%, from their early-October peak of $264 billion to $191 billion.

Also Read: BlackRock Files Staked Ethereum ETF, Hinting at Explosive Yield Potential