tl;dr
21Shares' XRP and Solana ETFs have surpassed $1 billion in assets in European markets, reflecting strong investor interest and institutional adoption. These physically-backed ETFs are listed on major European exchanges. Federico Brokate, Head of U.S. Business at 21Shares, anticipates similar success...
Federico Brokate, Head of U.S. Business at 21Shares, revealed that the company’s XRP and Solana ETFs have surpassed $1 billion in assets this year across European markets. This milestone reflects strong community support and significant investor interest in 21Shares' crypto products.
21Shares, a leading issuer of crypto exchange-traded funds (ETFs), offers multiple Exchange Traded Products (ETPs) related to XRP and Solana. These products are physically-backed and listed on major European exchanges such as Nasdaq Stockholm, Euronext Amsterdam, and SIX Swiss Exchange. The robust demand illustrates growing institutional adoption and confidence in their offerings.
Speaking in a recent interview, Brokate remarked, “Our XRP and our Solana ETFs crossed $1 billion in assets this year out of Europe…You can only imagine what that will look like in the US once those products are approved.” This points to a hopeful future for similar ETFs in the U.S. market.
Since his appointment in 2024, Brokate has driven 21Shares' expansion, enhancing both its product lineup and strategic approach. The firm now manages billions in assets under management with nearly 50 U.S.-based employees, signaling significant growth and momentum in the American crypto ETF space. Brokate’s background, including experience at BlackRock, has been instrumental in aligning crypto ETFs with increasing institutional demand and clearer regulatory frameworks.
Discussing the U.S. government’s approach to crypto regulation, Brokate praised the Securities and Exchange Commission (SEC) for its active oversight and swift regulatory efforts. He noted, “The number of things on the administration’s plate right now is quite astonishing… I think that we’re seeing all the support that we saw, at least for the GENIUS Act and for the CLARITY Act.”
He further added that upcoming approvals in the crypto sector indicate a broader shift in Washington’s mentality towards digital assets, highlighting a positive trajectory for institutional investors and regulatory clarity alike.