21Shares Expands Nordic Footprint With Six New Crypto ETP Listings on Nasdaq Stockholm

Core Insights - 21Shares has expanded its presence in the Nordic region by cross-listing six additional cryptocurrency exchange-traded products (ETPs) on Nasdaq Stockholm, enhancing its offerings for investors [1][4] - The new products include the 21Shares Aave ETP, 21Shares Crypto Basket Index ETP, 21Shares Cardano ETP, 21Shares Chainlink ETP, 21Shares Polkadot ETP, and 21Shares Crypto Basket 10 Core ETP, bringing the total to sixteen ETPs on the exchange [1][4] - The expansion reflects the increasing demand among Nordic investors for diversified and cost-efficient exposure to digital assets through regulated markets [3] Company Developments - 21Shares is now one of the largest issuers of cryptocurrency ETPs, with a significant presence across Europe, including listings on major exchanges such as SIX Swiss Exchange and London Stock Exchange [6] - The company manages approximately $8 billion in global assets, benefiting from strong inflows in its Bitcoin, Ethereum, and multi-asset strategies [7] - All ETP offerings are fully collateralized and physically backed, allowing investors to gain exposure to underlying assets without managing custody or wallets directly [5] Market Context - The digital asset investment market has recently experienced significant outflows, with CoinShares reporting $2 billion in withdrawals, marking the heaviest weekly outflows since February [8] - This trend of outflows has continued for three consecutive weeks, totaling $3.2 billion during this period [8]