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21 Shares lists the world’s first ETP Cosmos, ATOM price rises by 10%

Cosmos is an ecosystem that is far from exploding in popularity, and its native cryptocurrency ATOM has grown to become the 16th largest ecosystem by market cap. Now 21 Shares has listed the world’s first Exchange Traded Product (ETP) Cosmos.

In a press release, 21 Shares AG, the world’s leading issuer of cryptocurrency ETPs, announced the ETP listing for the Cosmos blockchain.

The product is traded on the Swiss stock exchange SIX against CHF, EU and USD.

The publication also states that the product is aimed at investors who “want to capitalize on the growth trajectory of the decentralized, interoperable blockchains that support the early stages of Metaverse.”

Hany Rashwan, CEO and Co-Founder of 21 Shares said:

“Cosmos has built a leading platform capable of supporting everything from finance to the metaverse. We are excited to launch this product as we continue to build bridges to enable broad access to the crypto world.”

ATOM price is currently up 10% in the last 24 hours and is trading at $39.24 after hitting a low of $35.5 yesterday.

Source: TradingView

Meanwhile, the value locked in the Cosmos ecosystem has grown to nearly $9 billion, according to data from DeFi Lama.

Source: DeFi Llama

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.