21Shares Launches Two New Crypto ETPs, Reaching 50 in Europe
21Shares has launched two new crypto exchange-traded products (ETPs), increasing its European offerings to 50 ETPs.
The new ETPs are:
21Shares Artificial Superintelligence Alliance ETP (AFET) - Tracks decentralized AI protocols such as Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS.
Both ETPs are token-backed and listed on major European exchanges:
AFET is available on Euronext Amsterdam and Paris.
ARAY trades on the SIX Swiss Exchange.
21Shares manages over $11 billion in assets globally and now offers 50 physically backed crypto ETPs across Europe.
CoinDesk Indices provides the index for the 21Shares Raydium ETP and over 40 other ETPs in 21Shares' portfolio.
Since issuing the first token-backed crypto ETP in 2018, 21Shares has expanded its product offerings widely.
While Europe leads the number of crypto ETPs traded, the United States surpasses them in trading volume and assets under management.
European crypto ETPs have around $23.24 billion in assets under management, compared to over $174 billion held by spot bitcoin and ether ETFs in the United States.
