21Shares has launched two crypto ETPs tracking decentraland and FTX.

The 21Shares Decentraland ETP (MANA) and the 21Shares FTX Token ETP (AFTT) are listed on the BX Swiss with total expense ratios (TERs) of 2.5%.

MANA offers exposure to the first decentralised user-owned virtual reality platform that allows users to create, experience and monetise content, including the purchase of land.

According to Decentraland, $180m of land has already been purchased.

Meanwhile, AFTT offers exposure to FTX, a crypto derivative exchange offering products including derivatives, options, volatility-related products and leverage tokens.

Users can stake FTT, the token used on the FTX exchange, to get free trading discounts and participate in “community government voting”.

Hany Rashwan (pictured), CEO and co-founder of 21Shares, said: “Adding the worlds’ first NFT and single Metaverse ETP and one of the world’s leading crypto exchanges to our product suite is a key milestone for us in making crypto accessible for everyone.”

Source: https://www.etfstream.com/news/21shares-unveils-nft-and-metaverse-etps-in-double-launch/

Leave a Reply

Your email address will not be published. Required fields are marked *