The XRP ETF and Solana issued by 21Shares have surpassed 1 billion USD in managed assets in the European market in 2024.
The strong development of this ETF reflects significant investment demand and support from the investor community, while opening up growth potential in the US market. Under the leadership of Federico Brokate, 21Shares is expanding its scale and consolidating its position in the cryptocurrency ETF fund sector.
MAIN CONTENT
21Shares' XRP ETF and Solana have managed over 1 billion USD in assets in Europe.
21Shares issues physical ETP funds, listed on major exchanges such as Nasdaq Stockholm, Euronext Amsterdam, and SIX Swiss.
Federico Brokate leads the company with strong expansion, with a strategy suited to embrace regulations and institutional demand in the US.
How have 21Shares' XRP ETF and Solana performed in terms of assets in Europe?
21Shares' XRP ETF and Solana have surpassed 1 billion USD in managed assets in 2024 in the European market, showing strong interest from investors.
These ETFs are physical ETP products, listed on major exchanges including Nasdaq Stockholm, Euronext Amsterdam, and SIX Swiss Exchange, ensuring transparency and safety for investors. Achieving this milestone demonstrates the appeal and reliability of cryptocurrency funds issued by 21Shares.
This figure not only demonstrates strong investment demand in Europe but also lays the groundwork for development in new markets, especially the US, where similar products are awaiting approval.
How has the 21Shares executive team changed under Federico Brokate's leadership?
Since Federico Brokate took office as the Business Director in the US at the beginning of 2024, 21Shares has significantly expanded its products and strategies in the cryptocurrency market.
With extensive experience from BlackRock, Brokate directs the company to capitalize on the wave of adoption by large institutions. Currently, 21Shares manages assets worth billions of USD with nearly 50 employees in the US, showing significant progress in the cryptocurrency ETF fund sector.
He also appreciates the SEC's active role in licensing and legal transparency, facilitating the sustainable development of cryptocurrency funds.
"The amount of work that the regulatory agency is doing is very impressive... The support for the GENIUS Act and the CLARITY Act shows that Washington is making positive changes with new regulations."
Federico Brokate, Business Director, 21Shares, 2024
What factors help 21Shares maintain growth momentum in the cryptocurrency ETF market?
The strategy focusing on ETP products listed on multiple reputable exchanges helps 21Shares build trust with investors and institutions.
In particular, the improved legal framework in the US and Europe is paving the way for the expansion of managed assets. Additionally, the leadership of Federico Brokate with experience managing ETF funds at BlackRock brings vision and strategy aligned with market development.
Leveraging opportunities from a positive legal environment along with institutional capital growth contributes to helping 21Shares maintain a prominent position in the cryptocurrency ETF fund sector.
What outstanding features do 21Shares' XRP ETF and Solana products have?
The XRP ETF and Solana issued by 21Shares are physical ETP products, meaning the fund holds actual tokens in storage, unlike futures-based funds.
They are listed on major European exchanges such as Nasdaq Stockholm, Euronext Amsterdam, and SIX Swiss Exchange, ensuring liquidity and convenient trading for investors.
Enhanced safety and transparency help attract interest from institutions and professional investors, contributing to total managed assets exceeding 1 billion USD.
Frequently Asked Questions
What advantages do 21Shares' XRP ETF and Solana have for investors?
ETFs backed by physical assets, listed on major European exchanges, help increase safety and liquidity.
What is the current managed asset amount of 21Shares?
The XRP ETF and Solana surpassed 1 billion USD in managed assets in Europe in 2024.
What has Federico Brokate contributed to 21Shares?
He expands the portfolio and strengthens the strategy to align with regulations and institutional demand in the US, based on ETF experience from BlackRock.
How does the SEC affect the development of cryptocurrency ETF funds?
The SEC is actively clarifying regulations, helping to create a transparent legal environment that contributes to the acceptance of cryptocurrency ETF funds.
What market does 21Shares plan to expand into next?
The US market is being focused on by 21Shares, awaiting the approval of new ETF products.
Source: https://tintucbitcoin.com/21shares-xrp-solana-etf-vuot-1-ty-usd/
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