21Shares is launching two new credit products with cryptographic (ETPs), which carries its total offers in Europe to 50 ETP.
The new lists include the 21Shares ETP (AFET) artificial superintelligence alliance, which tracks a group of decentralized the protocols, including Fetch.AI, Singularitynet, Ocean protocol and Cudos, and the 21Shares Raydium ETP (Aray). Aray offers exposure to Raydium decentralized token from Raydium based on Solana.
Both ETP are backed by Token and trade in the main European exchanges. AFET appears in Euronext Amsterdam and Paris, while Aray is quoted on the Swiss exchange, according to a press release.
“With these new releases, 21Shares now offers investors access to 50 cryptographic ETP with physical support throughout Europe,” said Duncan Moir, president of the firm. The company manages more than $ 11 billion in assets worldwide.
Coindesk indices, a Coindesk subsidiary, is the index supplier for the 21Shares Raydium ETP, as well as more than 40 ETP in the 21Shares products suite.
In 2018, 21Shares issued the first ETP crypt backed by the world’s token. Since then, it has expanded its offer of products that are quoted in the stock market in several sectors of the cryptographic ecosystem.
While the cryptography ETP number marketed in Europe greatly exceed offers in the United States, they are eclipsed in terms of commercial volume and assets under administration.
Cryptographic ETPs in Europe currently have about $ 23.24 billion in assets under administration, according to Etfbook data, while ETF Spot Bitcoin and Ether in the United States have more than $ 174 billion in AUM.
