Swiss-based investment product provider 21Shares has chosen a new project to expand its ETP products to metaverse coin options…
A new metaverse coin ETP begins
Swiss-based ETP issuer 21Shares is offering investors The Sandbox’s metaverse and gaming platform has launched a new tool focused on the SAND token to provide investment options. ETPs are a popular way for institutional investors to invest in cryptocurrencies and Blockchain projects. In recent months, we have seen banks like Goldman Sachs, ICAP, JPMorgan and UBS buy ETPs for an increasing number of customers.
Ethereum-based Sandbox platform, centralized where participants can monetize assets and gaming experiences a virtual world that does not exist. According to the press release released on the day, investors will be able to safely benefit from The Sandbox’s growth through the ETP. To recall, in February 21Shares launched its Decentraland (MANA) ETP. Hany Rashwan, CEO and co-founder of 21Shares, said he preferred Sandbox to other metaverse platforms for this ETP due to investor demands for greater access to opportunities beyond Bitcoin and Ethereum. Rashwan also thinks that Sandbox will play an important role in the metaverse coin market:
Metaverse is one of the leading themes in crypto right now, and The Sandbox in particular is showing strong growth to become the best performing blue-chip metaverse token. .
SandBox (SAND) price at the time of writing:
List came after SAND depreciated 40%
As we quoted as Kriptokoin.com, the launch It marks the 30th cryptocurrency ETP 21Shares has offered and will be cross-listed on Euronext Paris and Amsterdam. According to the press release, 21Shares has close to $3 billion in Assets Under Management (AUM) and more than 130 listings, including the world’s only ETP tracking Binance. The launch comes after SAND, the native token of The Sandbox platform, has dropped 40% in the last three months. Other metaverse-related tokens, including Decentraland and Axie Infinity, have also dropped year-over-year and underperformed significantly.
20592
