21Shares, the issuer of cryptocurrency exchange-traded products, is expanding choices for investors who want exposure to digital assets other than bitcoin and Ethereum.
Today, the Swiss Fintech firm announced the listing of three ETPs tracking the performance of Chainlink, Terra, and Uniswap on the Euronext exchanges in Paris and Amsterdam.
21Shares, which launched the world’s first crypto ETP in 2018, says its Chainlink ETP allows investors to bet on one of the most sophisticated oracle networks in the world. The token enables smart contracts to create blockchains for real-time data and computation. Chainlink’s use cases cover Defi infrastructure, insurance products, NFTs, and gaming applications.
The company added that its Terra ETP has been produced in response to strong demand from investors to gain exposure to the performance of the world’s second-largest ecosystem after Ethereum. With $18.8B in total value locked (TVL), Terra offers decentralized financial infrastructure, financial tools, and NFT solutions.
21Shares constantly assesses potential offerings
Finally, 21Shares touts its Uniswap’s ETP as a proxy for the decentralized exchange that hosted a trading volume of $785 billion, which is among the largest in the industry.
Commenting on the new listings, Hany Rashwan, CEO and co-founder of 21Shares, said: “Today’s launch increases accessibility for investors and allows them to easily be part of the unique, innovative, and fast-growing crypto ecosystem. This is another exciting addition for us as we continue to expand our massive product suite.”
21Shares, which has more than $2 billion in assets under management (AUM), has been trying to structure a product that looked, from an institutional point of view, as close as possible to a traditional ETF. As of February 2022, the firm’s offering boasts 26 cryptocurrency ETPs including the world’s only ETPs tracking Binance, 4 Crypto Index Baskets. Two of them are designed for investors who want to earn staking rewards (Tezos and Solana).
The crypto ETP issuer, which previously filed for a spot bitcoin ETF in the United States, taps UK infrastructure provider Copper for its custody and staking requirements. Its products are listed on 10 regulated European and Swiss trading exchanges.
