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The firm follows VanEck in expanding its crypto offering on the exchange
21Shares has joined VanEck in listing non-bitcoin and ethereum crypto exchange-traded products (ETPs) on the Deutsche Boerse as the German regulator continues to ease restrictions on digital assets.
The six-strong ETP range consists of the 21Shares Cardano ETP (AADA), the 21Shares Polkadot ETP (ADOT), the 21Shares Solana ETP (ASOL), the 21Shares Stellar ETP (AXLM) and the 21Shares Tezos ETP (AXTZ) all with total expense ratios (TERs) of 2.50%.
The launch also includes the 21Shares Crypto Basket Index ETP which offers exposure to bitcoin, polkadot, ethereum, cosmos and cardano.
It follows the VanEck launch of three ETPs earlier this month, tracking solana, polkadot and the world’s first TRON exposure, all with a TER of 1.50%.
21Shares expanded its roster of crypto ETPs in April with the launch of two strategies targeting cardano and stellar on the SIX Swiss Exchange but is looking to expand its offering beyond Switzerland.
Hany Rashwan, CEO of 21Shares, said: “We continue to engage with regulators around the world and many are opening up to more crypto in general. We predict a lot more crypto products will be allowed to list outside of Switzerland over the next year.”
The firm unveiled the world’s first solana ETP, the 21Shares Solana ETP (ASOL), on the SIX Swiss Exchange in June.
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