21Shares, a leading issuer of crypto exchange-traded products (ETPs), has announced that its XRP and Solana ETFs have collectively surpassed $1 billion in assets under management (AUM) in Europe this year. The physically-backed products are listed on major European exchanges, including Nasdaq Stockholm, Euronext Amsterdam, and the SIX Swiss Exchange. This milestone demonstrates significant investor demand and institutional adoption of these cryptocurrencies.
In an interview on “The Crypto Beat,” Federico Brokate, the Head of U.S. Business at 21Shares, highlighted the success of these funds and expressed optimism about the potential for U.S. versions if and when they are approved. Brokate, who previously worked at BlackRock, is now focused on expanding 21Shares in the U.S. and aligning its crypto offerings with the country’s evolving regulatory landscape.
Brokate also praised the U.S. administration and the SEC for their recent efforts to create a clear regulatory framework for digital assets, citing the passage of the GENIUS Act and the CLARITY Act as key indicators of a positive shift in Washington’s stance on crypto. He believes that this regulatory clarity is a major factor driving institutional interest and broader market growth.
August 2025, Cryptoniteuae
