21Shares, an exclusive provider of spot-crypto ETFs, has officially listed its first two physically-backed exchange-traded notes (ETNs) on Nasdaq Stockholm. The two investment vehicles have Bitcoin (BTC) and Ethereum (ETH) as underlying assets.
Located in Sweden, Nasdaq Stockholm is one of the four stock exchanges operating in Northern Europe by the US stock exchange Nasdaq. As per the announcement, the newly listed ETNs will offer a convenient source to investors who do not want to invest in crypto assets directly.
The press release noted that many banks and brokers allow customers to trade ETNs in Nasdaq Stockholm, resulting in investors being exposed to new investment opportunities under a regulated marketplace.
Hany Rashwan, CEO of 21Shares, said in the announcement:
“We are excited to become the first issuer of physically-backed ETNs for Nasdaq Stockholm, one of the most tech-forward global exchanges. Our partnership is a strong endorsement of 21Shares’ mission to make cryptos more accessible in a simple and regulated manner.”
21Shares has officially become the first cryptocurrency ETN provider on Nasdaq Stockholm. The ETF manager currently operates 20 European cryptocurrency exchange-traded products and 82 listings, worth nearly $3 billion as of November.
The company listed Europe’s first Polygon (MATIC) Exchange Traded Product (ETP) on the Paris and Amsterdam stock exchanges Euronext last week.