Amelie (@_Crypto_Barbie), a prominent crypto influencer on X, has highlighted a major development that could boost XRP’s global adoption. 21Shares, one of the world’s largest issuers of crypto exchange-traded products (ETPs), has expanded its European footprint by listing three new ETPs on Nasdaq Stockholm. This move is part of the firm’s broader mission to provide both institutional and retail investors with regulated and cost-effective access to digital assets.
New ETPs for Bitcoin, Solana, and XRP
On March 24, 21Shares introduced its Bitcoin Core ETP, Solana Staking ETP, and XRP ETP to Nasdaq Stockholm. These fully backed investment products offer investors a transparent and accessible way to gain exposure to top cryptocurrencies. The introduction of an XRP ETP is particularly significant, as it reflects the growing institutional interest in the digital asset, aligning with the firm’s prior filing for an XRP ETF in the U.S.
Europe’s increasing regulatory clarity under the Markets in Crypto-Assets (MiCA) framework has provided a conducive environment for structured crypto investment products. This regulatory certainty has bolstered institutional confidence, leading to a surge in demand for compliant crypto investment solutions.
Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized the importance of these listings in expanding access to digital assets. She noted that as institutional participation accelerates and regulatory frameworks solidify, 21Shares remains committed to expanding its offerings to meet investor needs.
Regulated Crypto Investment Gains Momentum
The European market is witnessing a growing preference for structured and regulated crypto investment vehicles. Institutional investors, in particular, are seeking reliable ways to gain exposure to digital assets while ensuring compliance with financial regulations.
Also Read: XRP Price Stalls: Will Bulls Break the $2.50 Resistance or Bears Take Control?
Market experts suggest that investors are increasingly shifting from Bitcoin to altcoins, with XRP and related financial products gaining significant global attention. By broadening its suite of ETPs, 21Shares is catering to this demand with regulatory-compliant investment solutions.
The listing of these products on Nasdaq Stockholm reinforces the legitimacy of cryptocurrency as an asset class in mainstream finance. Such offerings serve as a crucial bridge between traditional financial markets and the rapidly evolving digital asset ecosystem, marking another milestone in the adoption of cryptocurrencies on a global scale.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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