21Shares Launches Jupiter ETP in Europe. The U.S. Next?

21Shares, one of the world’s largest issuers of crypto exchange-traded products (ETPs), has announced the launch of the 21Shares Jupiter ETP (AJUP) on the SIX Swiss Exchange. This new product gives investors in Europe access to Jupiter (JUP), a leading decentralized exchange built on the Solana blockchain.

21Shares Launches JUP ETP

For 21Shares, AJUP strengthens its position as a leader in the crypto ETP market. The company now manages over $11 billion in assets and offers more than 50 physically backed products. The addition of Jupiter shows a growing demand for exposure to blockchain infrastructure projects, not just major cryptocurrencies like BTC and ETH.

However, this launch is currently limited to European investors. In its official statement, 21Shares clarified that AJUP is not registered in the United States. Hence, the fund will not be offered under U.S. securities laws.

Currently, only crypto ETFs focused on BTC and ETH are tradable in the U.S. The U.S. Securities and Exchange Commission (SEC) has recently taken several steps to ease the ETF application process. Experts like Eric Balchunas expect ETF approvals to come “any day now,” starting with Solana ETFs.

Currently, a lineup of ETF applications focused on various cryptocurrencies awaits approval from the SEC. Since 21Shares has debuted a JUP ETP in Europe, it may be the first to file for a similar product in the American market.

What is Jupiter?

Jupiter is considered the trading hub of Solana’s ecosystem. Being a decentralized exchange, it helps users to find the best prices when buying or selling crypto assets.

The platform also offers limit orders, perpetual futures, liquid staking, on-chain governance, and more. The exchange has also explored other business ventures to expand its operations. Looking ahead, Jupiter plans to launch JupNet, a network designed to connect different blockchains, wallets, and identity systems. If successful, it could make cross-chain trading smoother and more accessible for users.

At the time of writing, JUP sold for $0.4217, representing a 4.33% decrease over the past 24 hours.

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