21Shares AG, the world’s largest issuer of cryptocurrency ETPs, announced the listing of its Solana ETP (Ticker ASOL FP in Euro and ASOL NA in USD) and Polkadot ETP (Ticker ADOT FP in EURO and ADOT NA in USD) on Euronext Paris and Amsterdam as of September 23.
Hany Rashwan, CEO 21Shares AG
Hany Rashwan, Co-Founder and CEO of 21Shares said, “We are thrilled with the listing of Solana and Polkadot in both EURO and USD on Euronext Paris and Amsterdam, respectively. It is an important milestone in our mission to build simple bridges into the world of crypto and provide investors with access to the leading French and Dutch exchange. We expect to launch more exciting new products and continue with listings later this year.”
Solana (SOL) is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi). Key advantages include proof-of-history consensus, incredibly short processing times, and low gas fees. According to Coinmarketcap.com Solana has a current market capitalization of $42.3 billion and is the seventh largest crypto asset as of September 20, 2021. ASOL ETP provides additional yield through staking rewards by validating transactions on the Solana blockchain.
Polkadot (DOT) serves as a connector of blockchains, allowing otherwise independent blockchains to communicate with each other, share security features, and transfer assets freely amongst themselves. The DOT token is the native token of the Polkadot network. It is designed to participate in governance decisions and act as an electronic payment system. With its market capitalization currently above $31 billion, it is the eighth largest cryptocurrency according to Coinmarketcap.com. ADOT ETP removes barriers to entry for newcomers to the cryptocurrency industry.
As of September 2021, 21Shares manages more than $1.8 billion in 15 cryptocurrency ETPs, including the world’s only ETPs tracking Binance, Tezos, various crypto baskets, and most recently Cardano.