21Shares Launches Two New ETPs Focused on AI and DeFi

21Shares, a major issuer of crypto exchange-traded products (ETPs), has expanded its offerings in Europe to a total of 50 with the launch of two new ETPs focused on artificial intelligence and DeFi.

New ETPs: AFET and ARAY

AFET (Artificial Superintelligence Alliance ETP), listed on Euronext Amsterdam and Paris, is based on a decentralized AI ecosystem comprising Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS.
ARAY (Raydium ETP), listed on the SIX Swiss Exchange, provides exposure to Raydium, Solana’s decentralized exchange known for deep liquidity and its role in real-world asset tokenization.

AFET manages $100,000 in assets, while ARAY holds around $1.29 million.

Milestones Achieved

21Shares now manages $11 billion in global assets under management.
The firm continues to lead in offering physically backed crypto ETPs in Europe despite lower volumes compared to US Bitcoin and Ether ETFs.

Token Performance

FET is trading at $0.6315, down over 2% recently, with a trading volume increase of 6%, but remains 80% below its all-time high of $3.47.
RAY is priced at $3.20, declining nearly 5% over the past week, yet experiencing a 23% surge in volume, still 80% below its peak of $16.93.