21Shares: Actively Managed Crypto ETPs to Become the Next Stage of Investment, Global Active ETF Assets Near $1.8 Trillion

Odaily News Duncan Moir, President of 21Shares, stated that as the crypto market matures beyond 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 as of the end of 2025, global assets under management for actively managed ETFs are close to $1.8 trillion.

Duncan Moir pointed out that crypto, as an emerging and growing asset class, is particularly suitable for active management; 21Shares combines single-asset bottom-up research with quantitative and proprietary top-down strategies to manage risk and allocation, and has expanded its portfolio management and trading teams. Duncan Moir added that following FalconX's acquisition of 21Shares in October, the integration of the two parties is expected to accelerate product development, especially in the direction of more complex products.

Duncan Moir noted that demand for crypto ETPs and ETFs varies across regions. In Europe, due to a more mature investor base, 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's preferred shares (STRC), providing exposure to a high-yield instrument related to the company's Bitcoin capital strategy, and stated that early demand for this product has been strong in multiple regions.

The report mentioned that as the crypto ETP and ETF market develops, issuers are launching more complex structures, with staking becoming one of the growth directions; Grayscale introduced staking into its ETPs 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 said that 21Shares evaluates new products based on internal research, client demand, and market trends, citing its Bitcoin and Gold ETP as an example, which has been operating for four years and was recently cross-listed in London. (Cointelegraph)