- 21Shares has launched a new crypto ETP.
- The ETP is available for trading on select exchanges.
- With the latest launch, 21Shares has about 38 crypto ETPs, as indicated on its website.
Financial technology company 21Shares AG has announced the launch of its Celestia Staking exchange-traded product (ETP) under the ticker ATIA.
Founded in 2018 by Hany Rashwan and Ophelia Snyder, 21Shares is the world’s largest issuer of crypto ETPs in terms of assets and number of products. With the latest launch, the company now has 38 crypto ETPs that can be bought via banks or brokerages, per the information on its website.
21Shares Celestia ETP Backed by TIA Tokens
According to a Wednesday press release, 21shares listed its Celestia ETP for trading on the Euronext Paris and Amsterdam exchange on February 21, providing investors with convenient and secure access to the transformative potential of Celestia.
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21Shares noted that investors could leverage the Celestia ETP to “access staking yields with the benefit of professional risk management.” Per the statement, the ETP is 100% physically backed by TIA tokens, which are held in “cold storage by an institutional-grade custodian” to provide greater protection.
The Head of Financial Product Development at 21Shares, Mandy Chiu, lauded the launch, noting that it underscored the company’s commitment to delivering innovative financial products that unlock the potential of emerging blockchain technologies.
“Celestia represents the future of blockchain architecture, and we are thrilled to offer investors the opportunity to participate in its growth through our Celestia ETP,” Chiu said.
Celestia is a Layer 1 modular data availability network launched in October 2023, along with its native token, TIA. The network leverages a unique consensus mechanism and data availability sampling (DAS) technology to minimize maintenance costs and optimize blockchain scaling.
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Read about ARK 21Shares’s amended Ether ETF application:
Ether ETF Inches Closer as ARK 21Shares Revamps Application
Stay updated on upcoming Bitcoin ETF talks between South Korea and the U.S.:
South Korea Plans Bitcoin ETF Talks with SEC Chair Gensler
