21Shares Brings Bitcoin, Solana, and XRP ETPs to Nordic Markets

• Major crypto ETP provider 21Shares lists new Bitcoin, Solana, and XRP products on Nasdaq Stockholm
• These new ETPs offer cost-effective fees and are physically backed by the underlying digital assets
• The Solana ETP from 21Shares offers investors an added incentive with staking yields

While the U.S. grapples with developments in traditional finance, Europe is increasingly becoming a hub for cryptocurrency investing. 21Shares, a leading player in digital asset exchange-traded products (ETPs), has expanded its reach by listing three new products on Nasdaq Stockholm . These new offerings provide European investors with regulated exposure to Bitcoin (CBTC), Solana (ASOL), and XRP (AXRP).

This move by 21Shares comes at a time when traditional finance in the US is seeing interesting shifts, with firms like Fidelity Investments and Charles Schwab recently purchases of select money-market exchange-traded funds (ETFs). This contrast highlights the different approaches to investment products in the US and Europe.

Related: BlackRock Bucks the Trend: Buys Bitcoin Again, This Time $50 Million Worth

What Makes 21Shares’ New ETPs Attractive?

Significantly, these new ETPs from 21Shares come with cost-effective fee structures, making them an appealing option for investors. Also, they offer the security of being physically backed by the underlying digital assets, providing a direct link to the performance of Bitcoin, Solana, and XRP. 

The inclusion of staking yields in the Solana ETP (ASOL) is a notable feature, offering investors an additional incentive beyond potential price appreciation. This reflects the growing interest in strategies that allow investors to earn passive income from their blockchain-based assets.

Why is Europe Becoming a Hotspot for Crypto ETPs?

Europe’s regulatory clarity, particularly under the MiCA (Markets in Crypto-Assets) framework, is a key factor driving the growth of crypto ETPs in the region. This clear regulatory environment, coupled with rising institutional adoption of digital assets, is creating a favorable landscape for companies like 21Shares to expand.

Related: BlackRock and Fidelity Buy Millions in ETH Amid Market Volatility

21Shares already boasts listings on 11 major exchanges and manages over $7.5 billion in assets. Its continued expansion into the Nordic region, with these new listings on Nasdaq Stockholm, underscores the increasing appetite among European investors for regulated, transparent, and accessible ways to gain exposure to the cryptocurrency market.