Core Insights - 21Shares has launched two new crypto exchange-traded products (ETPs) in Europe, increasing its total offerings to 50, focusing on artificial intelligence (AI) and decentralized finance (DeFi) [1][2] Product Launch - The new products are the 21Shares Artificial Superintelligence Alliance ETP (AFET) and the 21Shares Raydium ETP (ARAY) [2] - AFET tracks a decentralized AI ecosystem formed by Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, and is listed on Euronext Amsterdam and Paris [2] - ARAY provides exposure to Raydium, a decentralized exchange on Solana, and is listed on the SIX Swiss Exchange [2] Asset Management - ARAY currently manages approximately $1.29 million in assets under management (AUM), while AFET has $100,000 AUM [3] - 21Shares oversees a total of $11 billion in global AUM, marking a significant milestone for the company [4] Market Performance - Tokens associated with the new ETPs, Fetch.ai (FET) and Raydium (RAY), are experiencing price pressures, with FET trading at $0.6315, down over 2% in the last 24 hours, and RAY at $3.20, down nearly 5% over the past week [5][6] - Despite the price struggles, trading volumes for both tokens have increased, with FET seeing a 6% rise and RAY a 23% surge in the last 24 hours [5][6] - Both tokens remain over 80% below their all-time highs, indicating potential for future growth as trading activity increases [5][6]

Core Insights - 21Shares has launched two new physically backed crypto ETPs, reaching a total of 50 listed ETPs in Europe, solidifying its position as the largest issuer in the market [1][3][2] - The company manages over $11 billion in assets under management (AUM), demonstrating the scale and resilience of its product offerings [2][3] Company Overview - 21Shares is recognized as one of the leading providers of cryptocurrency exchange-traded products (ETPs), offering the largest suite of physically backed crypto ETPs globally [4] - Founded to enhance accessibility to cryptocurrency for investors, 21Shares aims to bridge traditional finance with decentralized finance [4] New Product Launches - The 21Shares Artificial Superintelligence Alliance ETP (AFET) provides exposure to a decentralized AI ecosystem, while the 21Shares Raydium ETP (ARAY) offers access to Raydium, a leading decentralized exchange protocol [6] - These new ETPs are designed to democratize access to innovative sectors within the crypto economy [6]