21 shares will release XDC Network ETP and SUI STAKINGETP in exchange for 6 Swiss

21Share has expanded its crypto products in Europe with six Swiss exchanges launching products traded on two new exchanges. ASUI and XDCN.

21Shares has announced the launch of two new Crypto Exchange-Traded products at Six Swiss Exchange. 21SharesXDCNetwork ETP (XDCN) and 21SharesSUI Staking ETP (ASUI).

ASUI is 100% physically supported by SUI tokens, tracking the performance of the SUI (SUI) blockchain. As of August 13th, ASUI had a net asset value of $113.32, AUM was $200.59 million, YTD return was -16.39%, and an average staking yield over the 30-day period was 1.48%. This product allows investors to access staking rewards with professional risk management, and avoid the need to directly lock assets as the tokens are protected with facility-grade cold storage.

Like ASUI, XDCN is fully backed by the underlying crypto assets and is managed by managers through facility-grade security to ensure the security of the assets. It provides exposure to XDC, with NAV of $27.26, AUM of $30.67 million and YTD return of 36.30%. Unlike ASUI, XDCN is not a staking product. You can get a direct contact with XDC price performance without any additional yields from staking.

You might like it too: XDC prices retrace after listing the spikes in Binance Us – Here’s why the current dip is a smart entry

Can these lists increase the price of XDC and SUI?

The list of these financial products in Six Swiss Exchange will be added to existing ones in EuroNext Amsterdam and Euronext Paris.

This could increase the accessibility of the wider pool of investors, increase demand and increase token prices, for both XDC and SUI, especially as a list of regulated exchanges such as the six Swiss exchanges.

Currently, XDC is trading at $0.08981 and SUI at $3.93, but previous forecasts from crypto.news here suggest that both could rise in the short term.

You might like it too: hbar price coil for breakout following greyscale hedera trust filing