21Shares Expands Its Nordic Presence with Six New Crypto ETP Listings on Nasdaq Stockholm

21Shares has enhanced its footprint in the Nordic region by listing six additional cryptocurrency exchange-traded products (ETPs) on Nasdaq Stockholm, reflecting increasing demand among investors for diversified digital asset options.

Key Takeaways

21Shares has listed six new ETPs on Nasdaq Stockholm, expanding its offerings for Nordic investors.
The new products include the Aave, Crypto Basket Index, Cardano, Chainlink, Polkadot, and Crypto Basket 10 Core ETPs.
These additions complement existing popular products like Bitcoin and Ethereum ETPs, totaling sixteen listings on the exchange.
The expansion caters to rising interest among Nordic investors for regulated digital asset investments.
Despite this growth, the broader digital asset market experienced significant outflows, totaling $2 billion last week.

Crypto ETPs

Expanding Access for Nordic Investors

21Shares, known for being one of the premier issuers of cryptocurrency ETPs, has made a significant move by cross-listing six new products on Nasdaq Stockholm. The new offerings include the 21Shares Aave ETP (AAVE), 21Shares Crypto Basket Index ETP (HODL), 21Shares Cardano ETP (AADA), 21Shares Chainlink ETP (LINK), 21Shares Polkadot ETP (ADOT), and 21Shares Crypto Basket 10 Core ETP (HODLX).

These new listings enhance the existing suite of products available on the exchange, which already features popular options like the 21Shares Bitcoin ETP (ABTC), 21Shares Ethereum Staking ETP (AETH), 21Shares Solana ETP (ASOL), and 21Shares Bitcoin Core ETP (CBTC).

This expansion reflects an increasing demand among Nordic investors for reliable, diversified exposure to digital assets through regulated channels.

Alistair Byas Perry, who leads EU Investments and Capital Markets at 21Shares, indicated that there is a strong appetite in the region for secure and transparent digital asset investment vehicles. He emphasized that the variety of listed products allows both retail and institutional investors to tailor their exposure according to their desired digital asset strategies.

With the launch of these six new ETPs, 21Shares now offers a total of sixteen products on Nasdaq Stockholm, covering major cryptocurrencies, staking strategies, multi-asset baskets, and index-based options. Importantly, all these ETP offerings are fully collateralized and physically backed, enabling investors to engage with underlying assets without the challenges of managing custody, wallets, or exchange accounts.

A Rising European ETP Powerhouse

21Shares' growth in Sweden supports its already substantial presence across Europe, with listings on several exchanges including the SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, Deutsche Börse Xetra, and the London Stock Exchange. This extensive network positions 21Shares as one of the most widely diversified crypto ETP providers in the continent.

Currently, the company manages approximately $8 billion in global assets, buoyed by strong fund inflows from its physically backed Bitcoin, Ethereum, and multi-asset strategies.

Challenges in the Digital Asset Market

Despite the growth of 21Shares and its expanding offerings, the digital asset investment space has faced challenges. According to CoinShares, digital asset products experienced their largest weekly outflows since February, with $2 billion leaving the market in the last week alone. This trend marks the third consecutive week of withdrawals, bringing total outflows to $3.2 billion during this period. The decline coincides with falling prices in major cryptocurrencies, resulting in a 27% drop in total assets managed in digital asset ETPs—from a peak of $264 billion in early October to $191 billion now.