21Shares Expands Crypto ETP Offerings in Europe with AI and Raydium Products – 17/9/2025
21Shares has launched two new crypto exchange-traded products (ETPs), bringing its total suite in Europe to 50.
The 21Shares Artificial Superintelligence Alliance ETP (AFET) tracks a basket of decentralized AI protocols, including Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS. Meanwhile, the 21Shares Raydium ETP (ARAY) provides exposure to the native token of Solana-based decentralized exchange Raydium.
Both ETPs are physically token-backed. AFET is listed on Euronext Amsterdam and Paris, while ARAY trades on the SIX Swiss Exchange, according to a press release.
“These launches bring our total physically backed crypto ETPs in Europe to 50,” said Duncan Moir, president of 21Shares. The firm manages over $11 billion in assets globally. CoinDesk Indices, a subsidiary of CoinDesk, serves as the index provider for ARAY and more than 40 other 21Shares ETPs.
Since issuing the world’s first token-backed crypto ETP in 2018, 21Shares has expanded into multiple sectors of the crypto ecosystem. While Europe offers more ETPs than the U.S., total assets under management remain smaller—$23.24 billion in Europe versus $174 billion in U.S. spot Bitcoin and Ether ETFs, according to ETFBook.
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