21Shares Launches Lighter and Venice Token ETP, listed on Xetra and the Swiss Exchange, respectively
BIBIBI
AT A GLANCE
21Shares Reportedly launches physically token-backed LIT and VVV ETP, both with a fee of 2.50%。
Article
21Shares Launches Lighter (LIT) and Venice Token (VVV) with physical backing ETP
PANews October 20 According to 21Shares an official announcement, the company has launched Lighter (LIT）ETP) and Venice Token (VVV）ETP), with both products physically backed by tokens and both carrying a fee of 2.50%。Lighter ETP The trading ticker is LIHT, listed on Germany's Xetra exchange, and supports EUR and USD trading; Venice Token ETP has the trading ticker VENC, listed on the Swiss stock exchange SIX, and trades in USD. Lighter is a decentralized perpetual-contract trading platform using zero-knowledge technology, while Venice is a privacy-focused AI platform. Investors can hold the relevant ETP through ordinary securities accounts, without purchasing or custodying tokens themselves or managing private keys.
PANews stated that its information came from an 21Shares official announcement.
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21Shares Launches Lighter (LIT）ETP) and Venice Token (VVV）ETP。
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Both ETP are physically backed by tokens, and both carry a fee of 2.50%。
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Lighter ETP The trading ticker is LIHT, listed on Germany's Xetra exchange, and supports EUR and USD trading.
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Venice Token ETP The trading ticker is VENC, listed on the Swiss stock exchange SIX, and trades in USD trading.
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Investors can hold the relevant ETP through ordinary securities accounts, without purchasing or custodying tokens themselves or managing private keys.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
These products allow investors to gain exposure to the relevant tokens through ordinary securities accounts ETP, without having to custody tokens and private keys themselves.LIHT Corresponding to Lighter (LIT），VENC Corresponding to Venice Token (VVV）。
Why it matters to readers
The reported products provide investors with a means to trade the relevant ETP on European securities exchanges, and explicitly list the trading tickers, trading currencies, and fees.
Beginners can understand ETP as a product traded on a securities exchange. The product is physically backed by tokens, but the evidence does not specify the custody, redemption, or backing arrangements.
Risks and unknowns
The evidence is PANews' paraphrase of 21Shares's announcement and does not provide the original announcement.
The evidence does not state the actual trading volume, liquidity, or assets under management of the ETP.
The evidence does not disclose the specific custody, redemption, or token-backing arrangements.
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Related concepts
ETP
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
