The decisions by three issuers come after the collapse of algorithmic stablecoin UST along with the LUNA ecosystem.
The product was developed by ETP issuer 21Shares and crypto data provider ByteTree Asset Management.
Grayscale is meeting with local partners to discuss entering the European market, CEO Michael Sonnenshein said.
Hashdex is currently recruiting teams in London, Zurich, Paris and Lisbon to meet its expansion plans.
The launch marks 21Shares’ 30th cryptocurrency ETP offered and will be cross-listed on Euronext Paris and Amsterdam
Other ETP issuers are planning crypto-linked investment products that also yield staking returns.
Europe is seeing an increase in the number of issuers launching crypto ETPs as more investors are doing due diligence and want to invest in them.
While the firm is now trading ETPs solely in Europe, a U.S. rollout is planned in eight weeks.
The Metaverse Theme ETF will track the performance of the Solactive Metaverse Theme Index.
Altcoin institutional products are on the rise as investors look beyond Bitcoin and Ethereum.