21Shares is making headlines with the launch of two new crypto exchange-traded products (ETPs), expanding its impressive lineup to a total of 50 offerings in Europe. This significant move includes the debut of the 21Shares Artificial Superintelligence Alliance ETP (AFET) and the 21Shares Raydium ETP (ARAY). AFET is designed to track a selection of decentralized AI protocols, featuring notable names like Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS. On the other hand, ARAY provides exposure to the token of the Solana-based decentralized exchange, Raydium. Both of these products are token-backed and are available for trading on major European exchanges.
AFET will be listed on Euronext Amsterdam and Paris, while ARAY will trade on the SIX Swiss Exchange. According to a recent press release, Duncan Moir, the president of 21Shares, emphasized the firm’s commitment to providing investors with access to 50 physically backed crypto ETPs throughout Europe. With over $11 billion managed globally, 21Shares has made a significant impact in the crypto investment landscape.
“With these new launches, 21Shares now offers investors access to 50 physically backed crypto ETPs across Europe,” said Duncan Moir.
CoinDesk Indices serves as the index provider for the 21Shares Raydium ETP, contributing to more than 40 ETPs within 21Shares’ diverse collection. Since its inception in 2018, when it introduced the world’s first token-backed crypto ETP, 21Shares has continuously broadened its product offerings across various facets of the crypto ecosystem.
Although the number of crypto ETPs available in Europe surpasses that of the United States, the American market leads in trading volume and assets under management. Current data from ETFBook reveals that crypto ETPs in Europe hold approximately $23.24 billion in assets, compared to over $174 billion for spot bitcoin and ether ETFs in the United States. This disparity highlights the evolving and competitive nature of the global cryptocurrency investment scene.
21Shares Expands Crypto ETP Offerings in Europe
This article highlights the launch of two new crypto exchange-traded products (ETPs) by 21Shares, shedding light on the expanding market for cryptocurrency investments in Europe.
- Launch of New ETPs:
- 21Shares introduces two new ETPs, bringing the total to 50 offerings in Europe.
- The new products include:
- 21Shares Artificial Superintelligence Alliance ETP (AFET): Tracks decentralized AI protocols.
- 21Shares Raydium ETP (ARAY): Provides exposure to the Raydium token, a Solana-based exchange.
- Market Presence:
- AFET is listed on Euronext Amsterdam and Paris.
- ARAY is traded on the SIX Swiss Exchange.
- Asset Management:
- 21Shares manages over $11 billion in assets globally.
- CoinDesk Indices provides index services for the Raydium ETP and more than 40 other 21Shares products.
- Importance of ETPs:
- ETPs provide investors in Europe with physically backed exposure to cryptocurrencies.
- Crypto ETPs in Europe have about $23.24 billion in assets under management compared to over $174 billion for U.S. spot bitcoin and ether ETFs.
“With these new launches, 21Shares now offers investors access to 50 physically backed crypto ETPs across Europe.” – Duncan Moir, President of 21Shares
21Shares Expands Crypto ETP Landscape with Innovative Offerings
21Shares is making headlines with the launch of two new crypto exchange-traded products (ETPs), increasing their total to 50 offerings in Europe. The introduction of the 21Shares Artificial Superintelligence Alliance ETP (AFET) and the 21Shares Raydium ETP (ARAY) signifies a strategic move in a competitive market where the appetite for token-backed products continues to grow. Both ETPs provide investors with direct exposure to niche segments of the decentralized finance (DeFi) ecosystem. This positions 21Shares favorably against competitors, as it caters to the increasing interests in both AI and blockchain integrations.
When comparing this expansion with similar products in the category, 21Shares stands out due to its significant asset management, boasting over $11 billion globally. This financial backing allows the firm to enhance investor confidence, setting it apart from smaller players in the ETP space. However, the sheer number of ETPs offered does lead to a crowded market, which may dilute the uniqueness and perceived value of each product. Furthermore, while European crypto ETPs are vastly more numerous than those in the US, they fall short in trading volume and overall assets under management compared to American counterparts, which could hinder the market momentum for 21Shares’ new launches.
Investors interested in decentralized technologies and the evolving AI sector stand to benefit immensely from these new ETPs, as they offer an easy entry point to tap into cutting-edge innovations within crypto. However, there could be potential hurdles for traditional investors, who may find the concepts of decentralized protocols and DeFi daunting—or simply too volatile for their taste. Additionally, the significant disparity in AUM between European and US markets could create challenges in achieving the desired liquidity levels, potentially discouraging institutional investment in these newly listed ETPs.
