21Shares expands its product suite with MANA and FTX ETPs
- 21Shares has listed Decentraland and FTX ETPs.
- These ETPs will trade on the BS Swiss exchange.
- 21Shares has been actively expanding its product suite, and it recently added Aave, Chainlink and Uniswap.
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21Shares, the largest issue of cryptocurrency exchange-traded products (ETPs) globally, has announced listing two crypto ETPs for Decentraland (MANA/USD) and FTX. The two will be listed at BX Swiss.
MANA & FTX ETPs
The announcement states that MANA is the “first decentralized and user-owned virtual reality platform that allows users to create, experience, and monetize content and applications, including purchasing virtual land.
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Decentraland has become very popular in the metaverse. As many brands seek to provide their users with metaverse experiences, Decentraland has become a go-to solution. Following the increased adoption of the network, the MANA token has been on a significant upswing. The total value of land sold on Decentraland is more than $180 million. The ETP will trade under the ticker, Mana.
FTX is the second newly listed ETP by 21Shares, and it will trade under the ticker AFTT. FTX is one of the largest cryptocurrency derivatives exchanges, and it supports a variety of crypto products such as derivatives, options, volatility products and leveraged tokens.
21Shares says that FTX is,
The 3rd biggest exchange token with a daily trading volume of $2.5bn+. The token FTT allows users to stake FTT, get trading fee discounts and participate in the community government voting.
The CEO and co-founder of 21Shares, Hany Rashwan, commented on these new listings saying, “adding the worlds’ first NFT & single metaverse ETP and one of the world’s leading crypto exchanges to our product suite is a key milestone for us in making crypto accessible for everyone.”
21Shares expanding its product suite
21Shares is one of the leading firms in the cryptocurrency ETP sector. The firm listed its first crypto index on the SIX Swiss exchange in 2018. Currently, this firm has around $2 billion in crypto ETPs. It also has a Crypto Basket Index ETP under the ticker HODL. The ETP tracks the top 5 digital assets per the estimated 2050 market cap.
21Shares is also the only firm globally that has an ETP Tracking Binance. It also has four Crypto Index Baskets and two ETPs of Tezos and Solana with investor staking rewards. 21Shares ETP’s are also listed on ten regulated exchanges in Europe and Switzerland. 21Shares’ has more than 100 ETP listings.
Before launching the recent two ETPs, 21Shares had listed the ETPs of Aave, Uniswap and Chainlink. These also debuted on the Swiss exchange.