Switzerland-based crypto exchange-traded product (ETP) issuer 21Shares announced the listing of three new digital asset-oriented ETPs on the Euronext Paris and Amsterdam exchanges: Decentraland, AAVE and FTX Token.
Exchange-traded products will allow market players to gain exposure to all three assets without needing to own the underlying assets. According to the official press release, 21Shares Decentraland ETP, Aave and 21Shares FTX Token ETP will be listed on Euronext Paris and Amsterdam. Decentraland (MANA) has become one of the most established tokens in the metaverse ecosystem, with a market cap of nearly $6 billion. It is the native currency of the virtual reality platform powered by Ethereum Decentraland. AAVE, on the other hand, is an Ethereum token that powers the decentralized non-custodial money market protocol, Aave. FTT is the native token of the FTX exchange. The 21Shares representative previously commented that FTX Token is an attractive investment case providing exposure to the third largest cryptocurrency exchange in the world. The performance of each ETP is directly tied to the tokens with no leverage, and 21Shares keeps the underlying assets in its cold storage. Last week, 21Shares announced the listing of MANA and FTT on the Swiss-based BX exchange. Commenting on the development, CEO and co-founder Hany Rashwan said that adding the world’s first unique Metaverse and NFT ETP was one of the company’s key milestones. Since its inception in 2018, 21Shares has significantly expanded its product offering. The latest statistics shared by the company suggested that it manages more than $2 billion across 26 cryptocurrency exchange-traded products and 87 listings as of February this year. The figures include the world’s only ETPs that track Binance, four baskets of crypto indices, as well as two ETPs with investor staking rewards (Tezos and Solana), according to the announcement.
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This post 21Shares lists Decentraland, AAVE and FTX ETPs on Euronext Paris and Amsterdam
was published first on https://cryptopotato.com/21shares-lists-decentraland-aave-ftx-etps-on-euronext-paris-and-amsterdam/