TL;DR:

• Issuer and assets: 21Shares added exchange-traded products linked to the LIT (Lighter) and VVV (Venice Token) tokens to its European lineup.
• Trading venues: The vehicle tracking LIT began trading on Deutsche Börse Xetra (Germany), while the instrument tracking VVV debuted on SIX Swiss Exchange (Switzerland).
• Structure and costs: Both instruments are directly physically backed by the underlying assets and carry an annual management fee of 2.50%.

Swiss asset manager 21Shares announced the addition of two new crypto ETPs physically backed by the digital assets LIT and VVV on stock exchanges in Germany and Switzerland.

With this launch, 21Shares expands its range of regulated products to provide institutional exposure to decentralized…