21Shares Lists LIT, Venice Token-Tracking ETPs on European Exchanges
Minseung Kang
Summary
- 21Shares has listed two ETPs on European exchanges with Litentry (LIT) and Venice Token (VVV) as the underlying assets.
- The ETPs were listed on Deutsche Boerse Xetra in Germany and the SIX Swiss Exchange respectively.
- Both products are designed with a physically backed structure and carry an annual management fee of 2.5%.
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Global crypto exchange-traded product issuer 21Shares has listed two ETPs tracking Litentry's LIT token and Venice Token's VVV on European exchanges.
The Block reported on October 20, citing 21Shares' official X account, that the firm launched physically backed spot ETPs with LIT and VVV as the underlying assets.
The LIT-linked product is listed on Deutsche Boerse Xetra in Germany, while the VVV-linked product is listed on the SIX Swiss Exchange.
Both products are structured as physically backed ETPs that directly hold the underlying cryptocurrencies. Each charges an annual management fee of 2.5%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.