Swiss-based ET provider 21Shares AG announced Thursday the launch of the world’s first crypto ETP that tracks the performances of Decentraland (MANA) and FTX Token (FTT).
The two ETPs, 21Shares Decentraland ETP (Mana) and 21Shares FTX Token ETP (AFTT), will offer investors exposure to the tokens without buying them. The company has listed the products on BX Swiss, a Swiss stock exchange operated by BX Swiss AG.
FTX is a popular crypto derivatives exchange with a valuation of $32 billion as of February 2022. Holders of its native token FTT can leverage several benefits, including staking, trading fee discounts, and governance rights.
Meanwhile, Decentraland is a metaverse platform where users can create, experience, and monetize content, along with purchasing virtual land. Its native token MANA is an ERC-20 token with a market capitalization of $5.8 billion.
Hany Rashwan, CEO and co-founder of 21Shares said:
“Adding the worlds’ first NFT & single Metaverse ETP and one of the world’s leading crypto exchanges to our product suite is a key milestone for us in making crypto accessible for everyone.”
21Shares is an active player in Europe with plans to expand its product offerings in the United States. The company recently teamed up with Cathie Wood’s Ark Invest to file for a Bitcoin futures-based ETF that actively manages investments in cash-settled exchange-traded bitcoin futures contracts.