21Shares Expands European Crypto ETP Lineup with Innovative Blockchain-Focused Offerings

In a significant expansion of its European crypto product lineup, 21Shares, one of the world’s largest issuers of crypto exchange-traded products (ETPs), has introduced several innovative offerings that cater to the evolving interests of investors in the cryptocurrency and blockchain space.### New European ETPsOn July 10, 2024, 21Shares announced the launch of three new physically backed crypto ETPs on Euronext Paris and Euronext Amsterdam. These include the 21Shares Immutable ETP (AIMX), the 21Shares Injective Staking ETP (AINJ), and the 21Shares Sui Staking ETP (ASUI).- **21Shares Immutable ETP (AIMX):** This ETP tracks the performance of IMX, the native token of the Immutable blockchain, which is a leading platform for blockchain gaming and digital collectibles. Immutable stands out for its innovative scaling solutions that bypass Ethereum's limitations, providing a fast and affordable environment for both developers and gamers.- **21Shares Injective Staking ETP (AINJ):** This ETP tracks the performance of INJ, the token of the Injective Protocol, which supports seamless interactions across major blockchain networks. It also captures staking yields, which are reinvested into the ETP to enhance performance.- **21Shares Sui Staking ETP (ASUI):** This ETP is focused on the Sui blockchain, offering investors exposure to this emerging ecosystem while also capturing staking yields.These launches bring 21Shares' European product lineup to 43 crypto-asset ETPs, with over $3.3 billion in total assets under management. This expansion reflects 21Shares' commitment to providing investors with access to new and innovative blockchain technologies, platforms, and protocols.### Growing Demand for AltcoinsThe introduction of these new ETPs aligns with a growing trend where investors are seeking exposure to crypto assets beyond Bitcoin and Ethereum. 21Shares has also launched the Mid-Market ETP, which tracks the Vinter 21Shares Crypto Mid-Cap Index, excluding Bitcoin and Ethereum. This index includes assets like Binance Coin (BNB), Solana (SOL), and Polkadot (DOT), which have shown significant growth and attracted considerable investor interest.### US Market ExpansionIn addition to its European offerings, 21Shares has also been expanding its presence in the US market. On July 23, 2024, the company launched the 21Shares Core Ethereum ETF (CETH), which is designed to track the performance of Ether (ETH), the second-largest crypto asset by market capitalization. This ETF represents 21Shares' seventh product in the US and underscores the company's growth, with over $3.2 billion in assets under management and nearly 50 full-time employees in the US.### Commitment to Innovation and Accessibility21Shares' mission is to make crypto assets more accessible to investors and bridge the gap between traditional finance and decentralized finance. With its proprietary Onyx platform, 21Shares provides a robust and transparent way for investors to gain exposure to crypto through their existing bank or brokerage accounts. This approach simplifies tax reporting and offers better custody and operational risk management compared to holding physical crypto.As the crypto and blockchain landscape continues to evolve, 21Shares remains at the forefront, innovating and expanding its product lineup to meet the diverse needs of investors. With its global presence and commitment to regulatory compliance, 21Shares is poised to play a significant role in the future of digital assets.