21Shares launched two physically backed cryptocurrency exchange-traded products in Europe on October 20, providing brokerage-account exposure to Lighter’s LIT token and Venice Token’s VVV token. The Lighter ETP trades on Deutsche Börse Xetra under LIHT for its euro line and LIHU for its U.S.-dollar line, while the Venice Token ETP, VENC, is listed on SIX Swiss Exchange. Both charge a 2.50% annual fee and hold the underlying cryptocurrencies through custodians rather than requiring investors to manage wallets or private keys. Lighter operates a decentralized perpetual futures exchange that uses zero-knowledge technology to verify order matching and liquidations. Venice is a privacy-focused AI platform with an OpenAI-compatible API; its token issuance fell from 14 million annually at its January 2025 launch to 2 million from October 1, 2026, although 21shares said recurring burns remained below issuance.