Key Notes
- 21Shares has listed three new crypto ETPs on Nasdaq Stockholm, expanding its European footprint.
- The funds, Bitcoin Core, Solana Staking, and XRP ETP, target both retail and institutional investors.
- The launch coincides with rising investor expectations for an altcoin rally.
Asset management giant 21Shares has strengthened its presence in Europe by listing three new exchange-traded products (ETPs) on Nasdaq Stockholm.
The newly launched products include the Bitcoin Core ETP (CBTC), the Solana Staking ETP (ASOL), and the XRP ETP (AXRP), offering diversified crypto exposure to both retail and institutional investors.
The Swiss-based firm, which manages over $7.5 billion in assets, announced the launch as part of its ongoing effort to capitalize on growing crypto adoption across Europe.
The firm’s Head of Financial Product Development, Mandy Chiu, described the move as a key milestone, particularly amid increasing regulatory clarity under the Markets in Crypto-Assets (MiCA) framework.
The CBTC offers one of the lowest management fees in Europe at just 0.21%, making it an attractive option for investors seeking low-cost Bitcoin exposure.
The ASOL ETP combines Solana exposure with staking rewards, allowing investors to benefit from Solana’s growing influence in gaming, DeFi, and identity security without the technicalities of staking.
Lastly, the AXRP provides direct exposure to Ripple’s native asset, making it easier for investors to participate in the cross-border payments market via a regulated product.
Altcoin Rally Gains Momentum
The launch of altcoin-focused ETPs like ASOL and AXRP comes at a time when investors are anticipating an altcoin rally, driven by increasing altcoin ETF applications and improved market conditions.
The SEC’s softening regulatory approach, under crypto-friendly US President Donald Trump , is further fueling optimism.
On Monday, the total crypto market cap increased by 3.5%, leading to a rise in optimism for a broader altcoin breakout. In the past 24 hours, XRP climbed by 3.5%, while Solana rose 7%.
According to Crypto Rover, a popular analyst, revealed in a post on X that global liquidity is hitting new all-time highs, setting the stage for altcoin dominance. They forecasted that Bitcoin dominance may soon decline, creating room for altcoins to outperform.
Global liquidity is reaching new all-time highs.
The first move down for Bitcoin dominance is close now.
A relief rally for Altcoins is coming. pic.twitter.com/qrDcOv9uhz
— Crypto Rover (@rovercrc) March 23, 2025
As per CoinMarketCap data , Bitcoin BTC $87 238 24h volatility: 1.9% Market cap: $1.73 T Vol. 24h: $34.18 B dominance currently stands at a massive 60.7%, massively higher for an altcoin rally. A high BTC dominance suggests that BTC may be outperforming altcoins or investors may be shifting to Bitcoin due to its perceived stability.
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