Switzerland-based investment product provider 21Shares is launching exchange-traded products (ETPs) for the native cryptocurrencies of Stellar and Cardano.
- 21Shares said it has appointed Coinbase Custody as the main custodian for the assets underlying the XLM ETP and Kingdom Trust for the ADA ETP.
- Both products have a base fee of 2.5% per annum and will be made available on Germany’s Stuttgart and Dusseldorf multilateral trading facilities (MTFs).
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.