21Shares, a Swiss-based crypto exchange-traded product (ETP) issuer, announced the launching of three new digital asset-oriented ETPs – Decentraland, AAVE, and FTX Token – on Euronext exchanges in Paris and Amsterdam.
Users to have more access to the listed assets
The exchange-traded vehicles will allow market participants to have exposure to the three assets without owning the underlying assets.
According to the official news release, Euronext Paris and Amsterdam will list 21Shares Decentraland ETP, Aave, and 21Shares FTX Token ETP.
With a market valuation of about $6 billion, Decentraland (MANA) has emerged as one of the most established tokens in the metaverse ecosystem. It is the native token of Decentraland, an Ethereum-powered virtual reality network. AAVE, on the other hand, is an Ethereum token that powers the Aave decentralized non-custodial money market protocol.
FTT is the FTX exchange’s native token. A spokesman from 21Shares has stated that FTX Token is an appealing investment case that provides exposure to the world’s third-largest cryptocurrency exchange.
Each ETP’s performance is directly tied to the tokens without any leverage, and 21Shares retains the underlying assets in cold storage.
MANA and FTT were listed on the Swiss-based BX market last week by 21Shares. According to CEO and co-founder Hany Rashwan, introducing the world’s first NFT and single Metaverse ETP was one of the company’s important accomplishments.
21Shares has greatly increased its product offerings since its debut in 2018. According to the firm’s most recent statistics, it manages well over $2 billion in 26 cryptocurrency exchange-traded products and 87 listings as of February of this year.
According to the statement, the statistics include the world’s only ETPs tracking Binance, four Crypto Index Baskets, and two ETPs featuring investor staking payouts (Tezos and Solana).
