21Shares to launch world’s first Solana-based ETP on SIX Swiss Exchange

The cryptocurrency exchange-traded product (ETP) provider 21Shares will launch the world’s first Solana-based ETP on Switzerland’s largest stock exchange, SIX Swiss Exchange. CoinDesk reports.

Trading of the instrument with ticker ASOL will begin on June 29. The custodian will be Coinbase Custody.

Each unit of the 21Shares SOL ETP is equivalent to 0.667 SOL (~$18.6 at the time of writing).

“The new ETPs reflect client demand. In the coming months we plan to add two new ETPs along with new listings and trading venues,” said Hani Rashwan, CEO of 21Shares.

As of writing, Solana is trading around $28 and ranks 14th by market capitalization with a market cap of $7.6 billion, according to CoinGecko.

Earlier in June, 21Shares added its exchange-traded Bitcoin-based product to the listing on the British alternative trading system Aquis.

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