TREE NEWS update: 21Shares listed two physically backed exchange-traded products in Europe on October 20, one tracking Lighter (LIT) and the other Venice Token (VVV), both carrying a 2.50% fee. The Lighter ETP trades as LIHT on Germany’s Xetra in euros and dollars, while the Venice Token ETP trades as VENC on Switzerland’s SIX in dollars. Investors can hold the products through ordinary brokerage accounts without buying, custoding or managing the tokens themselves. Lighter is a zero-knowledge decentralized perpetuals platform and Venice a privacy-focused AI platform.
21Shares Launches Physically Backed ETPs for Lighter and Venice Token in Europe
AI take
The significance here is less about Lighter and Venice themselves than about the packaging: physically backed ETPs give European brokerage clients exposure to two relatively niche tokens without touching wallets or custody, at a uniform 2.50% fee. That 21Shares chose Xetra and SIX, rather than crypto-native venues, signals continued appetite for regulated wrappers around early-stage protocols. What's worth watching is whether this template extends to other small-cap tokens, and whether the fee level holds as competition in crypto ETPs intensifies.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
10m ago
Drift exploiter moves $61M ETH to Tornado Cash, still holds $194M
19m ago
Microsoft Launches Data Guardian Data Protection Service for EU and EFTA Customers
19m ago
Tx Launches Brale-Issued USTX Stablecoin for RWA Settlement
35m ago
UK Banks Face Complaints Over Crypto Transfer Limits, Stand With Crypto Says
1h ago
Xiaomi’s MiMo-V2.6-Pro Launches on WorkBuddy
1h ago
Boeing launches DataLiner AI aircraft data platform