ETP specialist for digital assets 21shares has six ETPs Deutsche Börse Xetra, expands the company’s product range on the German stock exchange to ten.
Five of the ETPs offer exposure to individual cryptocurrencies, including Solana, Polkadot, Cardano, Stellar, and Tezos, while a sixth offers access to a diversified basket of cryptocurrencies.
Each ETP uses full direct replication called “physical” replication, with each share being 100% secured by an investment in the underlying digital asset.
The new listings complement 21Shares’ existing range of products, which includes products that include exposure to Bitcoin, Ethereum and Bitcoin Cash, as well as a product with an inverse exposure to Bitcoin.
Hany Rashwan, Co-Founder and CEO of 21Shares, said: “We are excited to expand crypto investment opportunities in Germany as one of our key markets, where we are the first and only company to offer such a comprehensive suite of products. This development underscores our commitment to helping investors securely access crypto assets now and in the future. “
The $ 80 million 21Shares Solana ETP (21XL GY) offers exposure to SOL, the native token that underpins the Solana blockchain and is the seventh largest cryptocurrency worldwide by total market capitalization. Solana is a highly functional open source project that offers decentralized financial solutions. Its main innovation is the proof of history consensus, which results in incredibly short validation times and enables the blockchain to process thousands of transactions per second. The protocol is designed for low transaction costs while still guaranteeing speed and scalability.
The $ 40 million 21 Shares Tezos ETP (21XZ GY) is the only ETP in Europe to offer exposure to XTZ, the native token that underpins the Tezos blockchain and is the thirty-first cryptocurrency in the world. Tezos is a blockchain capable of changing its own rules with minimal disruption to the network through an on-chain governance model. It’s based on a proof-of-stake consensus model that relies on investors using their own tokens to get the blockchain for which they are rewarded with passive income, a process known as “baking”. The 21Shares Tezos ETP is exposed to the price development of XTZ, but also generates a return through the baking carried out by 21Shares on behalf of investors.
The $ 70 million 21Share Polkadot ETP (PDOT GY) offers exposure to DOT, the native token that underpins the Polkadot blockchain and the ninth largest cryptocurrency in the world. Polkadot is a blockchain of blockchains that enables otherwise independent blockchains to communicate with each other, share security functions and freely transfer assets between each other. DOT fulfills two important roles in the system – it is designed to participate in governance decisions, including submitting proposals and voting, and it is used as an electronic payment system.
The $ 80 million 21shares Cardano ETP (DADA GY) is Europe’s only ETP that enables exposure to ADA, the native token that underpins the Cardano blockchain and is the third largest cryptocurrency in the world. Cardano is an intelligent contract platform that enables developers to create decentralized applications. In contrast to other leading smart contract platforms such as Ethereum, Cardano operates its transaction processing using the proof-of-stake algorithm, a structure that is considered to be less risky in terms of the attack potential for miners on the network.
The $ 10 million 21Shares Stellar Lumens ETP (XLME GY) is Europe’s only ETP to offer exposure to XLM, the native token that underpins the Stellar blockchain and is the twenty-fifth largest cryptocurrency in the world. Stellar is a purpose-built blockchain that enables the transfer of any asset and allows developers to build cost-effective financial services on the platform.
The $ 150 million 21Shares Crypto Basket Index ETP (21XH GY) offers a market capitalization weighted exposure to the five largest cryptocurrencies, which are ranked by market capitalization 2050, calculated based on current prices and a forecast supply number for 2050.
Each of the ETPs has an expense ratio of 2.50% and is also on. listed SIX Swiss Exchange.