21Shares, one of the largest crypto exchange-traded product (ETP) providers, is expanding its European offerings with six additional funds on Nasdaq Stockholm. The new listings include ETPs for Aave (AAVE$176.95), Cardano (ADA$0.47), Chainlink (LINK$13.65), Polkadot (DOT$2.80), and two crypto basket products.
With this expansion, 21Shares now offers a total of 16 ETPs on Nasdaq Stockholm, complementing its broader portfolio available on other European exchanges such as SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.
The new products followed the launch of a Solana (SOL$140.95) ETF on Wednesday, marking the latest addition to a growing series of single-asset offerings.
Demand for crypto exposure drives European growth
Head of EU investments at 21Shares, continue to see strong demand from Nordic investors seeking diversified, cost-efficient access to digital assets through regulated exchanges.
He added that the expansion allows the company to offer “an even broader toolkit of single-asset and index-based crypto ETPs, giving both retail and institutional investors the ability to tailor their digital asset exposure within a trusted and transparent framework.”
21Shares currently manages nearly $8 billion in assets globally, representing roughly 4% of the $191.5 billion in total crypto ETFs issued worldwide. About half of the company’s assets under management (AUM) are held in US crypto ETFs, issued in partnership with ARK Invest, led by Cathie Wood.
US crypto ETF market sees rapid growth
The European expansion comes amid a surge of new crypto ETFs in the US. Last week, spot XRP (XRP$2.13) ETFs debuted on the Nasdaq, following Canary Capital’s first launch. Additional XRP funds, including those from Bitwise and Grayscale, are expected in the coming days.
According to ETF analyst Nate Geraci, XRP became the sixth asset to underpin a single-asset crypto ETF in the US, joining Bitcoin (BTC$91,471), Ether (ETH$3,008), Solana, Litecoin (LTC$92.36), and Hedera (HBAR$0.15).
Despite growing optimism around US crypto ETFs, Bitcoin funds have faced recent outflows. BlackRock’s iShares Bitcoin ETF (IBIT) recorded its largest single-day outflow, with over $520 million leaving the fund, according to Bloomberg ETF analyst Eric Balchunas.
After four consecutive weeks of outflows, year-to-date inflows in Bitcoin ETFs fell to $27.4 billion, roughly 30% below last year’s $41.7 billion, according to CoinShares data.