21Shares launches two new Crypto Exchange-Traded Products (ETPS), bringing its overall offers in Europe to 50 ETPs.
The new lists include 21Shares Artificial Superintelligence Alliance ETP (AFET), which track a group of decentralized AI protocols, including retrieval.ai, singular, ocean protocol and cudos and 21Shares Raydium ETP (Aray). Aray offers exposure to Solana-based decentralized exchange Raydium’s token.
Both ETPs are token-backed and trade in major European exchanges. AFET is listed on Euronext Amsterdam and Paris, while Aray is trading on the six Swiss exchange, according to a press release.
“With these new launches, 21Shares now offer investors access to 50 physically supported crypto -TPs throughout Europe,” said Duncan Moir, the company’s president. The company manages more than $ 11 billion in assets globally.
Coindesk Indices, a subsidiary of Coindesk, is the index provider for 21Shares Raydium ETP, as well as more than 40 ETPs across 21Shares’ product package.
In 2018, 21Shares issued the world’s first token-backed crypto ETP. Since then, it has expanded its listed product supply across different sectors in the crypto ecosystem.
While the number of crypto -ATPs traded in Europe exceeds greatly the offers in the United States, they are dwarfed in terms of trade volume and assets under management.
Crypto ETPs in Europe currently have about $ 23.24 billion in assets under management, according to ETFBook data, while Spot Bitcoin and ETHER ETFs in the United States have over $ 174 billion in AUM.
