21Shares Launching Stellar and Cardano ETPs on SIX Exchange

The XLM and ADA vehicles will go live on Monday.

By Tanzeel Akhtar

Apr 22, 2021 at 7:10 p.m. UTC

Updated Sep 14, 2021 at 12:45 p.m. UTC

Swiss Bourse SIX Sees Volume Surge After EU Recognition Loss

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

Tanzeel Akhtar

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

Switzerland-based investment product provider 21Shares is launching exchange-traded products (ETPs) for the native cryptocurrencies of Stellar and Cardano.

21Shares, formerly known as Amun, said the Stellar XLM ETP (ticker: AXLM) and the and Cardano ADA ETP (ticker: AADA) will list on the Swiss SIX Exchange on April 26.
The firm said Thursday it is responding to the recent surge of interest in the two cryptocurrencies after the firm decided to remove the bitcoin cash and XRP ETPs from its 21Shares HODL basket ETP.
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).

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Tanzeel Akhtar

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Tanzeel Akhtar