21Shares announced its new products despite the fluctuation in cryptocurrencies. 6 in total cryptocurrency ETP The company that started it is preparing for the ETF wave that is expected to start especially in altcoins. The US has started granting approvals and there are nearly 100 applications pending approval. So what’s the latest situation in the markets? What are the details of the new products?
Cryptocurrencies Latest Status
Nvidia At press time, it was up 5% in premarket trading, pushing up shares of AI-related technology companies like Advanced Micro Devices and Broadcom. Stocks in European and Asian markets also benefited from the overnight earnings report, with Nasdaq 100 futures rising 1.5%.
It is positive for cryptocurrencies that the negative atmosphere in technology companies has begun to dissipate significantly. Everyone’s eyes are on the upcoming September employment report today. Although the report’s reliability is not at a high level due to the closure, it will be the only full employment report before Powell and his team before the Fed interest rate decision.
Investors in Japan are focused on the incentive package to be announced by the Prime Minister on Friday. Japan’s 5- and 10-year government bonds have reached their highest levels since the 2008 crisis. Concerns about the Carry Trade crisis are still alive and remain negative for cryptocurrencies as this increases risks to global liquidity.
Cryptocurrency ETPs
cryptocurrency investors are not only in the USA. There are also products in the European Union region through which corporates can enter cryptocurrencies. 21Shares, the largest cryptocurrency ETP issuer in the region, announced its new products today. The same company also owns US cryptocurrency ETFs. Nasdaq Stockholm has six new cryptocurrency products as of today.
Aave (AAVE)Cardano 
$0.467598 (AADA), Chainlink 
$13.89 (LINK), Polkadot (ADOT) and two crypto index baskets (HODL, HODLX) were launched. The total number of cryptocurrency products on the exchange suddenly increased to 16. Interest in regulated cryptocurrency investment products in the region could help these altcoins see significant inflows once overall market sentiment improves.
Opening such investment channels is considered positive, especially since these altcoins with lower market values may experience abnormal rises with tens of millions of dollars of inflow.
21Shares has a total of 55 different products and provides services on 12 exchanges. Assets under management have already exceeded $8 billion.
