21Shares: Actively managed crypto ETPs will be the next stage of investment; global actively managed ETFs reach nearly $1.8 trillion.

Duncan Moir, President of 21Shares, stated that as the crypto market matures from simple price-tracking funds, actively managed exchange-traded products will become the next stage of crypto investment. Data compiled by Morningstar and Goldman Sachs Asset Management shows that global actively managed ETF assets will approach $1.8 trillion by the end of 2025. Moir pointed out that crypto, as an emerging and growing asset class, is particularly well-suited for active management; 21Shares combines bottom-up research and quantification of single assets with independent top-down strategies for risk and allocation management, and has expanded its portfolio management and trading teams. Moir added that the integration following FalconX's acquisition of 21Shares in October is expected to accelerate product development, especially in more complex products. Moir noted that demand for crypto ETPs and ETFs varies across regions; in Europe, where the investor base is more mature, institutions already holding Bitcoin and Ethereum are seeking to further increase their crypto allocations. Against this backdrop, 21Shares recently launched an exchange-traded product in Europe linked to Strategy Preferred Stock (STRC), offering exposure to high-yield instruments related to the company's Bitcoin capital strategy, and reported strong early demand in several regions. The report notes that as the crypto ETP and ETF markets develop, issuers are launching more complex structures, with staking becoming one of the growth directions; Grayscale introduced staking into its ETP in October, and BlackRock launched a Nasdaq-listed Ethereum product with a staking mechanism in March, recording $15.5 million in trading volume on its first day. Duncan Moir stated that 21Shares evaluates new products based on internal research, customer needs, and market trends, citing its Bitcoin and Gold ETPs as examples, noting that these products have been running for four years and recently cross-listed in London. (Cointelegraph)