21Shares Marks Milestone With 50 Crypto ETPs as AI and Solana Join Lineup
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21Shares has expanded its product suite in Europe with the launch of two new crypto exchange-traded products (ETPs), bringing its total to 50. The new offerings include the 21Shares Artificial Superintelligence Alliance ETP (AFET), which tracks decentralized AI protocols such as Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS. It is listed on Euronext Amsterdam and Paris. The second product, the 21Shares Raydium ETP (ARAY), provides exposure to Raydium, a Solana-based decentralized exchange token, and trades on the SIX Swiss Exchange. Both are physically backed by the underlying tokens. With these additions, 21Shares continues to cement its position as a leading issuer of crypto ETPs in Europe. The firm, which manages more than $11 billion in assets globally, first introduced the world’s token-backed crypto ETP in 2018 and has since expanded across multiple sectors of the digital asset market. CoinDesk Indices serves as the index provider for ARAY and over 40 of the company’s ETPs. Despite Europe’s wide range of crypto ETP listings, trading activity remains significantly smaller compared to the United States. European crypto ETPs collectively hold around $23.24 billion in assets under management, while U.S. spot bitcoin and ether ETFs dominate the market with more than $174 billion in AUM. This highlights Europe’s broader product variety but comparatively limited trading depth.