21Shares Expands European Crypto ETP Suite with AI and Raydium Launches – 17/9/2025
21Shares has launched two new crypto exchange-traded products (ETPs), increasing its European offerings to a total of 50.
The 21Shares Artificial Superintelligence Alliance ETP (AFET) tracks a selection of decentralized AI protocols, including Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS. The 21Shares Raydium ETP (ARAY) provides exposure to the native token of Solana-based decentralized exchange Raydium.
Both ETPs are physically token-backed and trade on major European exchanges. AFET is listed on Euronext Amsterdam and Paris, while ARAY is available on the SIX Swiss Exchange, according to a press release.
“With these launches, 21Shares now offers investors access to 50 physically backed crypto ETPs across Europe,” 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 products.
Since issuing the world’s first token-backed crypto ETP in 2018, 21Shares has expanded across multiple sectors of the crypto market. While Europe leads the U.S. in the number of crypto ETPs, total assets under management remain smaller—$23.24 billion in Europe versus over $174 billion for U.S. spot Bitcoin and Ether ETFs, according to ETFBook.
