21Shares launches XDC Network ETP and Sui Staking ETP on SIX Swiss Exchange

Explore insights within the DeFi area. This article dives into: “21Shares launches XDC Network ETP and Sui Staking ETP on SIX Swiss Exchange”.

21Shares expanded its crypto choices in Europe with the launch of two new exchange-traded merchandise on the SIX Swiss Exchange: ASUI and XDCN.

Summary

• ASUI affords staking publicity to SUI with threat administration, whereas XDCN supplies direct publicity to XDC worth efficiency.
• The listings on SIX Swiss Exchange complement current presence on Euronext Amsterdam and Paris.
• Increased accessibility for traders might increase demand, probably pushing XDC and SUI tokens’ costs greater.

21Shares has simply introduced the launch of two new crypto exchange-traded merchandise on the SIX Swiss Exchange: the 21Shares XDC Network ETP (XDCN) and the 21Shares Sui Staking ETP (ASUI).

ASUI is 100% bodily backed by SUI tokens and tracks the efficiency of the Sui (SUI) blockchain. As of August 13, ASUI had a Net Asset Value of $113.32, AUM of $200.59 million, a YTD return of -16.39%, and a 30-day common staking yield of 1.48%. The product permits traders to entry staking rewards with skilled threat administration, avoiding the necessity to immediately lock belongings, with tokens secured in institutional-grade chilly storage.

Like ASUI, XDCN is absolutely backed by the underlying crypto belongings, with custody managed by institutional-grade safety to make sure asset security. It supplies publicity to XDC and has a NAV of $27.26, AUM of $30.67 million, and a YTD return of 36.30%. Unlike ASUI, XDCN will not be a staking product. It affords direct publicity to the value efficiency of XDC with out extra yield from staking. 

Could these listings increase XDC and SUI costs?

The listings of those monetary merchandise on the SIX Swiss Exchange add to their current presence on Euronext Amsterdam and Euronext Paris.

This is a giant step for each XDC and SUI as itemizing on extra exchanges, particularly regulated ones just like the SIX Swiss Exchange, will increase accessibility for a wider pool of traders, probably boosting demand and pushing the tokens’ costs greater.

Currently, XDC is buying and selling at $0.08981 and SUI at $3.93, however earlier projections from crypto.information right here and right here counsel each might rise within the close to time period.

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