In its Thursday press release, Swiss-headquartered cryptocurrency exchange-traded product (ETP) issuer 21Shares has announced the listing of products that track the value of Decentraland (MANA), Aave (AAVE) and FTX Token (FTX).
MANA is the native token of an Ethereum-based virtual world called Decentraland. It appeared in the spotlight after a massive rally triggered by Facebook's rebranding into Meta in early November. More than $180 million worth of land has been sold on the platform.
AAVE is the token at the core of the Aave lending protocol, the fourth-largest token on the Ethereum blockchain with $10.3 billion.
FTX Token is the native token of the eponymous cryptocurrency exchange, which has grown to become one of the top trading platforms.
Alex Dovbnya21Shares has a total of 28 cryptocurrency ETPs that manage a total of $2 billion.
In December, it also added a product that tracks the value of MATIC, the native token of the Polygon scaling solution.
Last June, the investment product provider also launched the first Solana ETP in the world. This came after the exchange launched similar products for Cardano and Stellar.
In October, 21Shares announced a partnership with custody infrastructure provider Copper.
Earlier this week, investment behemoth Fidelity launched its first Bitcoin-based ETP in Europe, offering the lowest fee on the market.
Vladislav Sopov
Dan Burgin