Crypto ETP giant 21Shares has expanded its European footprint with the launch of six additional exchange-traded products on Nasdaq Stockholm, adding new single-asset offerings for Aave, Cardano, Chainlink and Polkadot, as well as two multi-asset crypto baskets.The move comes as the U.S. market sees a surge of new digital-asset ETFs, including a wave of recently approved spot XRP funds.What to Know21Shares has cross-listed six new ETPs on Nasdaq Stockholm, bringing its total there to 16.The new listings include AAVE, ADA, LINK, DOT and two diversified baskets.21Shares now manages $8 billion AUM, roughly 4% of the global $191.5B crypto ETF/ETP market.Ethereum is trading around $2,823, and Bitcoin around $87,108, reflecting subdued sentiment despite ETF growth.U.S. markets are experiencing a flood of new crypto ETFs, including spot XRP ETFs launching this week.21Shares Boosts Nordic Presence With Six New ETP ListingsThe Swiss-based issuer said Thursday that it had cross-listed six new crypto ETPs on Nasdaq Stockholm, expanding access for Sweden’s growing digital-asset investor base.The new products include:Aave (AAVE) ETPCardano (ADA) ETPChainlink (LINK) ETPPolkadot (DOT) ETPTwo diversified crypto baskets targeting multi-asset exposureThe expansion brings the firm’s Swedish lineup to 16 total products, still far fewer than the dozens listed across other European exchanges such as SIX Swiss Exchange, Xetra, and Euronext Amsterdam.“We continue to see strong demand from Nordic investors seeking diversified, cost-efficient access to digital assets through regulated exchanges,”said Alistair Byas Perry, head of EU investments at 21Shares.AUM Nears $8B as 21Shares Strengthens Global LeadWith listings across the U.S. and Europe, 21Shares is now one of the largest global crypto ETP issuers, managing nearly $8 billion in assets.According to CoinShares, about half of the firm’s AUM sits in U.S. products co-issued with Cathie Wood’s ARK Invest.This accounts for roughly 4% of the global $191.5B crypto ETF/ETP ecosystem.U.S. ETF Market Heats Up: XRP Becomes Sixth Crypto With a Spot ETFThe European expansion comes during an ETF boom in the U.S., highlighted by last week’s debut of spot XRP ETFs.Canary Capital launched the first pure-play spot XRP ETF.Bitwise and Grayscale are set to follow this week and early next.XRP is now the sixth crypto to support a U.S. single-asset ETF, following:BitcoinEtherSolanaLitecoinHederaXRPETF analyst Nate Geraci said the rapid expansion underscores growing issuer competition for crypto-focused inflows.Bitcoin ETFs Struggle Despite New LaunchesDespite rising enthusiasm around new altcoin ETFs, U.S. Bitcoin ETFs continue to face significant selling pressure.On Tuesday, BlackRock’s IBIT posted a record $520M outflow, its worst since launch.Bitcoin ETF flows have fallen to $27.4B YTD, about 30% below last year’s $41.7B pace.Bitcoin itself trades near $87,108, far below its early-October peak.Ethereum trades around $2,823, down sharply from this summer’s highs.Analysts say the divergence reflects sector rotation toward new altcoin products combined with macro-driven derisking.More ETPs Coming, Competition IntensifyingETF specialists expect dozens more crypto ETFs and ETPs to launch across Europe and the U.S. in 2026, including:More single-asset fundsMore staked-asset ETF structuresMulti-asset crypto indexes targeting institutional demand21Shares’ latest expansion suggests European issuers are racing to keep pace with U.S. developments, even as market volatility keeps digital-asset prices under pressure.
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