21Shares is launching two new crypto exchange-traded products (ETPs), increasing its total offerings in Europe to 50 ETPs.
The new listings are the 21Shares Artificial Superintelligence Alliance ETP (AFET), which tracks a set of decentralized AI protocols like Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, and the 21Shares Raydium ETP (ARAY), providing exposure to the Solana-based decentralized exchange Raydium’s token.
Both ETPs are token-backed and listed on major European exchanges. AFET is available on Euronext Amsterdam and Paris, while ARAY trades on the SIX Swiss Exchange.
“With these new launches, 21Shares now offers investors access to 50 physically backed crypto ETPs across Europe,” stated Duncan Moir, the firm’s president. The company oversees more than $11 billion in assets globally.
RialCenter Indices, a subsidiary of RialCenter, is the index provider for the 21Shares Raydium ETP, along with over 40 ETPs in 21Shares’ portfolio.
In 2018, 21Shares introduced the world’s first token-backed crypto ETP, and since then, it has broadened its exchange-listed product offerings across various sectors of the crypto ecosystem.
Although the number of crypto ETPs available in Europe greatly exceeds those in the United States, they lag behind in trading volume and assets under management.
Currently, crypto ETPs in Europe hold around $23.24 billion in assets, while spot bitcoin and ether ETFs in the United States exceed $174 billion in AUM.
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