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21Shares Introduces Artificial Superintelligence Alliance and Raydium ETPs

21Shares Introduces Artificial Superintelligence Alliance and Raydium ETPs

According to 21Shares, the launch of AFET and ARAY expands its European product lineup to 50 offerings, broadening investor access to decentralized AI ecosystems and Solana-based DeFi assets.

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Fact Check
Multiple reputable financial news sources, including CoinDesk, Yahoo Finance, and GlobeNewswire, directly corroborate the statement. The evidence explicitly mentions the launch of both the '21Shares Artificial Superintelligence Alliance ETP' and the '21Shares Raydium ETP' by the company 21Shares.
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Summary

21Shares AG officially announced the launch of two new physically backed cryptocurrency exchange-traded products (ETPs) in Europe. The Artificial Superintelligence Alliance ETP (AFET) invests in decentralized AI projects including Fetch.ai, SingularityNET, and Ocean Protocol, while the Raydium ETP (ARAY) focuses on Solana’s decentralized exchange token RAY. With these introductions, 21Shares now offers 50 crypto ETPs in the European market, according to the company’s statement.

Terms & Concepts
  • Exchange-Traded Product (ETP): A type of security that tracks underlying assets such as cryptocurrencies and is traded on stock exchanges, similar to stocks.
  • Raydium: A decentralized exchange and automated market maker built on the Solana blockchain, now accessible through a 21Shares ETP.
  • Artificial Superintelligence Alliance (AFET): An index ETP launched by 21Shares that tracks decentralized AI-related protocols such as Fetch.ai, SingularityNET, and Ocean Protocol.