21Shares Announce the Listing of XRP ETP on Nasdaq Stockholm in Europe

21Shares, a well-known issuer of crypto ETPs, announced it listed three of its main ETPs, including XRP, on Nasdaq Stockholm. This move helps the company grow in Europe. The new products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).

With over $7.5 billion in assets and listings on 11 major exchanges, such as Nasdaq, Euronext Amsterdam, and SIX Swiss Exchange, 21Shares is helping connect traditional finance with the growing digital asset world.

21Shares Lists XRP ETP in Europe

The Nordic market is seeing increased interest in crypto investments. 21Shares, a top European company, is strengthening its position by offering CBTC – a cost-effective Bitcoin ETP in Europe – along with the largest Solana staking ETP in the area and XRP. These listings show 21Shares’ focus on giving European investors precise and regulated ways to invest in cryptocurrencies.

The 21Shares Bitcoin Core ETP (CBTC) exposes investors to Bitcoin, the largest cryptocurrency, with full physical backing. Its low management fee of 0.21% makes it appealing to investors who want to save money.

The 21Shares Solana Staking ETP (ASOL) offers physical backing to Solana, capturing staking rewards to increase returns possibly. It also allows investors to access the potential of blockchain technology in areas like gaming, finance, and identity protection.

XRP fully backs the 21Shares XRP ETP (AXRP), giving investors transparent and regulated access to XRP’s important role in international payments.

21Shares Head of Financial Product Development Mandy Chiu noted that as more institutions embrace crypto ETPs and regulations become clearer in Europe, the firm is dedicated to increasing our products to satisfy rising investor interest.

“This year represents a breakthrough moment for crypto in Europe, with increasing confidence driven by the MiCA regulatory framework and a significant rise in institutional participation. Our presence on Nasdaq Stockholm reflects our ambition to simplify crypto investing for European investors,” Chiu said.

Wen XRP ETF Listing in the U.S.?

On November 1, 2024, the company sent a form to the Securities and Exchange Commission (SEC) to start an XRP ETF in the United States. The form says 21Shares wants to list the XRP product on the Cboe BZX Exchange. This product, called 21Shares Core XRP Trust, will follow the CME CF Ripple—Dollar Reference Rate. Moreover, 21Shares is the third company to apply for an XRP ETF.

Still, as of this writing, the SEC has yet to endorse the financial product.