21Shares Hits 50 Crypto ETPs in Europe With Launch of AI and Raydium-Focused Products

21Shares is launching 2 caller crypto exchange-traded products (ETPs), bringing its full offerings successful Europe to 50 ETPs.

The caller listings see the 21Shares Artificial Superintelligence Alliance ETP (AFET), which tracks a radical of decentralized AI protocols, including Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, and the 21Shares Raydium ETP (ARAY). ARAY offers vulnerability to Solana-based decentralized speech Raydium’s token.

Both ETPs are token-backed and commercialized connected large European exchanges. AFET is listed connected Euronext Amsterdam and Paris, portion ARAY trades connected the SIX Swiss Exchange, according to a property release.

“With these caller launches, 21Shares present offers investors entree to 50 physically backed crypto ETPs crossed Europe,” said Duncan Moir, the firm’s president. The institution manages much than $11 cardinal successful assets globally.

CoinDesk Indices, a subsidiary of CoinDesk, is the scale supplier for the 21Shares Raydium ETP, arsenic good arsenic much than 40 ETPs crossed 21Shares' merchandise suite.

In 2018, 21Shares issued the world’s archetypal token-backed crypto ETP. Since then, it has expanded its exchange-listed merchandise offering crossed assorted sectors of the crypto ecosystem.

While the fig of crypto ETPs being traded successful Europe vastly outnumbers the offerings successful the United States, they’re dwarfed successful presumption of trading measurement and assets nether management.

Crypto ETPs successful Europe presently person astir $23.24 cardinal successful assets nether management, according to ETFBook data, portion spot bitcoin and ether ETFs successful the United States person implicit $174 cardinal successful AUM.