1 August 2026
Swiss Investment Fund Launches ETPs for Cardano (ADA) and Stellar Lumens (XLM)
A Swiss fintech company is launching the world’s first crypto exchange-traded products (ETPs) for Cardano (ADA) and Stellar Lumens (XLM).
21Shares AG will list both the ETPs on the Swiss stock exchange (SIX Exchange) by 26 April with a 2.5% base fee annually. The two investment products will also be added to the Stuttgart and Dusseldorf multilateral trading facilities (MTFs).
The firm aims to expand its roster of crypto exchange-traded products amid rising interest in Cardano and Stellar Lumens. 21Shares reveals that the demand for its crypto ETPs have surged by 200% since Q1 2021 as institutional investors collect funds to institutional-grade and open-ended ETPs, driving the increase in new inflows.
ETPs monitor underlying securities and other financial instruments. Their share price depends on these assets. AXLM and AADA will depict the performance of Stellar Lumens and Cardano.
“Both AXLM and AADA ETPs will allow clients to diversify and gain exposure to cross-border transitions between any pair of currencies whilst Cardano will help running smart contracts using proof of stakes on a level previously not possible executing using your bank or broker. The ETP structure is 100% physically collateralised, segregated and replicates 1:1 the tracking of both crypto assets.”
Each unit of AXLM will be backed by 40 XLM and AADA by 16 ADA at the launch time. Coinbase will guard the firm’s Stellar Lumens collateral, whereas Kingdom Trust will guard the Cardano collateral.
Stellar Lumens provides a frictionless and low fee method of transferring funds and has a $9 billion market cap at the time of writing. Cardano is a blockchain network rivaling Ethereum and has a roughly $35 billion market cap.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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