21Shares Lists Chainlink, Terra, And Uniswap ETPs on Euronext Paris and Amsterdam

The Swiss fintech company – 21Shares – announced the listing of three exchange-traded products on Euronext Paris and Amsterdam. The ETPs will track the performance of Chainlink, Terra, and Uniswap.

More ETPS From 21Shares

The Switzerland-based investment product issuer has been active on the digital asset scene lately. Last week, it listed Aave, Chainlink, and Uniswap ETPs on the BX Swiss.

According to a document seen by CryptoPotato, the company continued by adding three cryptocurrency exchange-traded products on Euronext Paris and Amsterdam. The underlying assets are Chainlink, Terra, and Uniswap.

21Shares described the first as a “sophisticated oracle network” that allows developers to create efficient blockchains for real-time data and computation. Chainlink could be employed in insurance products, NFTs, decentralized finance, and gaming applications. The ETP will trade under the ticker ALANK NA, ISIN on Euronext Amsterdam, and ALANK FP, ISIN on Euronext Paris.

Terra is among the largest ecosystems in the digital asset universe, having more than $18 billion in total value locked (TVL), 21Shares continued. A top feature is its borrowing protocol – Anchor – allowing investors to general yields on their investments. Terra’s ETP symbols will be LUNA FP ISIN on both Euronext Amsterdam and Paris.

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21Shares described Uniswap as an advanced protocol that delivers liquidity and trading for tokens part of the Ethereum blockchain. Its ecosystem has integrated more than 300 tools and applications, with a trading volume of over $780 billion. Ticker for Euronext Amsterdam: AUNI NA, ISIN and AUNI FP, ISIN for Euronext Paris.

Hany Rashwan – CEO and Co-Founder at the Swiss company – opined that the newest opportunities will allow investors to become part of the “unique, innovative, and fast-growing crypto ecosystem.”

“This is another exciting addition for us as we continue to expand our massive product suite,” he concluded.

The First Issuer of Crypto ETNs on Nasdaq Stockholm

At the end of last year, 21Shares listed physically-backed cryptocurrency exchange-traded notes on Nasdaq Stockholm with Bitcoin (ticker symbol: ABTC) and Ethereum (AETH) as underlying assets. Thus, the entity became the first issuer of such financial products on that stock market.

Rashwan outlined back then that Nasdaq Stockholm is one of the most “tech-forward” global exchanges. “Our partnership is a strong endorsement of 21Shares’ mission to make cryptos more accessible in a simple and regulated manner,” the exec stated.

It is worth noting that in 2015 Nasdaq Stockholm became one of the first bourses to trade exchange-listed products with bitcoin as an underlying asset.

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21Shares Adds Aave, Chainlink, and Uniswap ETPs on BX Swiss

21Shares AG – a Switzerland-based investment product issuer – announced the listing of three new cryptocurrency exchange-traded products on the BX Swiss. Aave, Chainlink, and Uniswap are respectively the underlying assets of the ETPs.

Additionally, the global investment manager – VanEck – introduced its first multi-token cryptocurrency fund.

Diving Deeper into ETPs

According to a recent press release, 21Shares has doubled down on its digital asset endeavors by rolling out three more exchange-traded products based on cryptocurrencies. The ETPs are now listed on the stock exchange operator BX Swiss and track the performance of the following projects: Aave, Chainlink, and Uniswap.

The company described the first as “the forefront of decentralized finance through its open-source, non-custodial liquidity market protocol.”

Chainlink, in turn, is among “the most sophisticated networks” which has grown to encompass a significant number of use cases for DeFi, NFTs, and gaming applications, 21Shares outlined.

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Uniswap delivers liquidity and trading for tokens of the Ethereum blockchain. The rapid development of the project has allowed its ecosystem to integrate more than 300 applications, compassing for a trading volume of over $750 billion.

Hany Rashwan – CEO and Co-Founder of 21Shares – pointed out that the most recent listings will enable investors to gain greater access to the crypto world.

“This is another exciting addition for us as we continue to expand our massive product suite,” he emphasized.

At the end of 2021, 21Shares listed its first physically-backed ETNs on Nasdaq Stockholm. The underlying assets of the products were Bitcoin and Ethereum, as they came under the ticker symbols ABTC and AETH.

As of February 2022, the Swiss organization manages over $2 billion in 26 cryptocurrency ETPs and 87 listings, including the only ETP tracking the world’s leading crypto exchange – Binance.

VanEck’s Newest Fund

According to a separate press release, the New York City-based financial institution with more than $80 billion in assets under management (AUM) has launched its first multi-token digital asset fund.

The product is listed as an ETN on the SIX Swiss and Deutsche Borse Xetra exchanges and provides European investors exposure to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), Polygon (MATIC), Tron (TRX), and Avalanche (AVAX).

Gijs Koning – Co-Head of VanEck Europe – reminded that his company had been an advocate of the cryptocurrency industry since 2017 when few enterprises believed in its merits.

“We were first to market in Europe with many of these exposures because we’re believers in the transformative nature of the underlying technologies and because providing exposure to transformative investments is at the core of our firm’s DNA,” he underlined.

While initiatives on European soil are thriving for VanEck, this is not the case for its endeavors in the United States. Last year, the firm filed with the SEC to launch a spot Bitcoin ETF, but the financial regulator eventually rejected the proposal.

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Market Watch: LINK and AXS Explode 10%, Bitcoin Maintains $38K

Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers.

Bitcoin Stands Still at $38K

It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset north.

BTC reclaimed the aforementioned level and, after a brief retracement, went on the offensive again. This time, the increase was more gradual than sudden, and bitcoin tapped $38,000, as reported yesterday.

In the following hours, the asset kept climbing. As a result, it went to a daily high at nearly $39,000. However, it failed to break above that level and, as of now, has declined by several hundred dollars.

Nevertheless, its market capitalization has remained above $700 billion after dropping below that level earlier this week.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

LINK and AXS Take the Lead

The alternative coins registered impressive gains yesterday, and most have calmed today. Ethereum continues with its recovery session as the second-largest crypto dipped to $2,000 earlier this week. Now, though, ETH stands above $2,600 after another minor daily increase.

Binance Coin and Terra have retraced slightly since yesterday, but Cardano, Ripple, Polkadot, Dogecoin, Avalanche, and Shiba Inu have tapped minor gains.

The most significant price increases from the larger-cap alts come from coins like Chainlink and Axie Infinity. Both assets have increased by around 10% in a day.

More gains come from lower- and mid-cap altcoins. Flow leads the way with a 20% surge, followed by Arweave (15%), Convex Finance (13%), Tezos (10%), Synthetix Network Token (9%), and Pocket Network (9%).

The cryptocurrency market cap has remained relatively still, and it stands above $1.7 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Crypto Markets Lose $100 Billion Daily as Bitcoin Dips Below $42K (Market Watch)

Bitcoin’s adverse price movements continue with the asset sliding below $42,000. Most of the altcoin space is in an even more gloomy situation, with substantial losses from Ethereum, Binance Coin, Avalanche, MATIC, LUNA, ATOM, and others.

BTC Slips Below $42K

It’s safe to say that the past several days didn’t go all that well for the primary cryptocurrency. On January 15th, it spiked to just shy of $44,000 after an impressive leg up.

However, it failed to breach that level as the bears tightened their grip on the market. BTC first dropped to $43,000 hours later, before another price dump took it to around $42,000, as reported yesterday.

While bitcoin remained there for a while, and it seemed that it could hold on to that level, the bears pushed it south once more. In the following hours, BTC dropped to around $41,500, which was a weekly low.

It bounced off initially to above $42,000 but failed again and currently sits around that level. As a result, its market capitalization has declined below $800 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins in Red Again

The alternative coins were also harmed in the past several days. Ethereum traded above $3,400 last week before the market-wide correction started to drive it south. In the past 24 hours alone, ETH has lost more than 4% and now sits at just over $3,100.

Binance Coin has declined by a similar percentage and struggles to remain above $460. More losses come from Cardano, Solana, Ripple, Dogecoin, Avalanche, Shiba Inu, CRO, and Polkadot.

The situation with Terra, Polygon, NEAR Protocol, Chainlink, and ATOM is even more severe as most are down by double-digits.

POKT (-20%), XRM (-12%), FTM (-11%), FXS (-10%), AXS (-10%), and OKB (-10%) are also deep in red.

Ultimately, the crypto market cap is down by approximately $100 billion in a day and is just shy of $2 trillion as of now.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch)

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM.

Bitcoin Touches $43K

The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually.

In just a few days, it added more than $4,000 of value, which resulted in breaking above $44,000 on a few occasions – the last one on Thursday.

However, this is there the landscape changed. After touching a weekly high of $44,500, the bears stepped up and pushed BTC south. This time, bitcoin dropped by over $2,500 and declined to just under $42,000 yesterday.

Since then, BTC has added around $1,000 of value and now sits at approximately $43,000, and its market capitalization has remained above $800 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Litecoin Spikes 8%: BNB Nears $500

Ethereum went through a volatile week of its own in the past several days, which included a drop to a multi-month low beneath $3,000. After that dump, though, ETH went on the offensive and recovered $300 in days. As of now, a minor 2% increase since yesterday has pushed the second-largest crypto to above $3,300.

Binance Coin is up by around 3% on the day and is close to challenging $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK, and Terra are also slightly in the green.

Litecoin (8%) is the most substantial gainer from the larger-cap alts, followed by ATOM (7%). In contrast, Dogecoin, Solana, and ADA have tapped minor losses.

The cryptocurrency market capitalization has increased by around $40 billion since yesterday and remains well above $2 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Market Watch: Shiba Inu and Dogecoin Explode 13%, Bitcoin Eyes $44K

Bitcoin tried its hand at decisively reclaiming $44,000 but failed and sits just below it as of now. Most altcoins produced more significant gains, with the two largest memecoins leading the pack. Dogecoin and Shiba Inu are both up by around 13% on a daily scale.

Bitcoin’s New Weekly High

Last week finished on a bearish note as bitcoin’s correction drove it from $48,000 to around $41,000 in days. The landscape worsened on Monday as the cryptocurrency fell below $40,000 for the first time since September in another volatile move south.

However, it bounced off immediately and recovered more than $2,000 of value in hours. As reported yesterday, BTC continued heading upwards and even briefly touched $44,000 after the US announced the highest inflation rate numbers in 40 years.

After a brief retracement, BTC spiked above $44,000 and tapped $44,250, which became its highest price tag since the correction started last Wednesday.

As of now, though, the asset has failed to remain north of that line and stands just shy of it. Nevertheless, its market capitalization is well above $800 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

DOGE and SHIB on the Rise

The altcoins also fell hard in the past week or so but are mainly in the green now. Ethereum dipped beneath $3,000 on Monday but reacted well and started to recover value almost immediately.

As of now, the second-largest cryptocurrency stands above $3,350 after another 3% increase since yesterday. Binance Coin has added a similar percentage and sits north of $480. More gains of this caliber come from Ripple, Polkadot, Avalanche, MATIC, Chainlink, and CRO.

Solana, Cardano, and Terra are up by more impressive numbers – between 6% and 8%, but the two largest memecoins are the most substantial gainers.

Dogecoin has jumped by over 13% to above $0.17, while Shiba Inu is up by nearly 13% to $0.000032.

The crypto market cap bottomed at just over $1.850 trillion on Monday. However, it has increased by more than $200 billion since then and is just shy of $2.1 trillion now.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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$300B Gone From Crypto Markets in 3 Days: Bitcoin Dipped Below $41K (Weekend Watch)

Bitcoin’s situation worsened once more hours ago as the asset dropped to a new three-month low beneath $41,000. Most altcoins are in a similar position today, and the overall losses from the past three days grew to $300 billion.

Bitcoin’s Latest 3-Month Low

It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as it traded at $47,000 on Thursday and even tried its hand at $48,000 on Wednesday.

However, the bears took complete control in the following 72 hours. Firstly, they dumped BTC by $4,000 before another drop drove the asset below $42,000 on Friday, as reported.

Yesterday seemed like a consolidation day as bitcoin stood around $42,000 for a while. However, this didn’t last long as BTC dived once more. This time, it fell to $40,500, which became the lowest price line since late September 2021.

As of now, the cryptocurrency has recovered some ground and stands approximately $1,000 higher. Nevertheless, its market capitalization is still below $800 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins Keep Dumping

The alternative coins have suffered just as badly as BTC, if not worse. Ethereum stood above $3,800 days ago, but now it’s just over $3,100 after another 3% decline since yesterday.

Binance Coin is down by 5.5% and struggles at $430. Solana (-4%), Cardano (-6%), Ripple (-3.5%), Polkadot (-5.5%), Terra (-1%), Avalanche (-5.5%), Dogecoin (-4%), Shiba Inu (-5%), and MATIC (-6%) are also deep in red.

Chainlink, yesterday’s best performer, is the only larger-cap alt that has endured this market correction without substantial losses.

In contrast, further losses come from Fantom (-12%), Oasis Network (-11%), Helium (-11%), NEAR Protocol (-11%), Zcash (-10%), Ravencoin (-10%), Gala (-10%), Loopring (-10%), and many others.

The cumulative market cap of all cryptocurrency assets is down to $1.950 trillion. This means that the metric has lost roughly $300 billion since the correction started three days ago.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Weekend Watch: After Volatile Week BTC at $42K, LINK Explodes 13%

After the enhanced fluctuations in the past several days, bitcoin finally calmed around $42,000. The situation with the altcoin is quite similar, except for Chainlink. LINK surged by 13% and trades above $26.

Bitcoin Sits Still at $42K

It’s safe to say that the past few days didn’t go well for the primary cryptocurrency. On January 5th, it traded at $47,000 after failing to overcome $48,000 despite numerous attempts.

This is where the landscape changed rapidly for the worse. Bitcoin started to lose value vigorously and dropped by $4,000 in hours, as reported on Thursday. BTC stayed there for a while, but another initiative from the bears drove it to $41,000 yesterday.

This became its lowest price point since late September. After that, BTC fluctuated a bit more, leading to $500 million worth of liquidations on a 24-hour scale.

As of now, the asset has recovered some ground and stands around $42,000, and its market capitalization is just shy of $800 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Chainlink Steals the Show

The alternative coins mimicked bitcoin’s performance in the past few days with enhanced volatility and substantial price drops. Ethereum, for example, traded above $3,800 just a few days ago but dipped to $3,100 yesterday. The second-largest crypto now sits above $3,200 after a minor daily increase.

More minor gains come from Binance Coin, Cardano, Polkadot, Avalanche, Dogecoin, Shiba Inu, MATIC, and others. XRP has increased by 2.5%, while Solana is up by 4%, despite the recent network issues.

Nevertheless, Chainlink is the most impressive performer. A 13% increase has driven LINK to well above $26. Moreover, the asset is among the few in the green on a weekly scale, as it has increased by 35% in this timeframe.

ICP (15%), Dash (13%), Secret (10%), Zcash (10%), and Celo (9%) have also recorded impressive daily gains.

The cryptocurrency market capitalization is down by $250 billion in the past few days and sits around $2 trillion now.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Chainlink Price Analysis: LINK Rallies Over 30% in a Week, What’s the Next Target?

Key Support level: $23

Key Resistance level: $28

After a bullish cross on the daily MACD, LINK entered into a sustained rally with great volume, which has catapulted the price over $20. LINK turned the $23 level into support and is now eying the next key resistance at $28. It is unlikely that LINK can break that level on the first try, but momentum remains strong and favors bulls.

Chart by TradingView

Technical Indicators

Trading Volume: The sustained volume has put LINK back into the spotlight as the price moved higher. There is no sign of weakness, and the momentum is clearly bullish. This may change as LINK approaches the key resistance.

RSI: The daily RSI is moving higher fast, and at this rate, it can soon enter the overbought zone. This is not a concern right now, but it will become important once the price hits the resistance.

MACD: The daily MACD has been bullish for a while, and now it also completed a bullish cross on the 3-day timeframe. This is significant and may indicate that the cryptocurrency is due for a sustained rally even beyond the current resistance.

Chart by TradingView

Bias

The bias on LINK is bullish. The strong volume and price action support this case.

Short-Term Prediction for LINK Price

LINK managed to surprise the market. The current rally may continue for a while, and the big test will come once the cryptocurrency approaches the key resistance at $28.

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Market Watch: Chainlink (LINK) Soars 9%, Bitcoin’s Sideways Action Continues

Bitcoin is still unable to produce any significant gains and fell below $47,000 once again. Its dominance continues to decrease, while some smaller and mid-cap altcoins outperform it. In the past 24 hours, such is the case with Chainlink, which spiked by nearly 10%.

Bitcoin Failed at $47K

It’s safe to say that BTC has not produced any of its enhanced volatility lately that it’s so often criticized for. The last more notable fluctuation came on December 31st when it pumped suddenly from $47,000 to $48,500 but retraced even more vigorously to $45,800 in hours.

The asset started the new year on a more positive note and jumped back to $47,000, where it spent the next few days. Yesterday, it dropped below $46,000 once more before the bulls stepped up and pushed it to $47,500.

Yet, the cryptocurrency failed at that level and found itself sitting at $45,800 hours later. As of now, it has jumped to nearly $47,000, but its market capitalization is still below $900 billion.

Moreover, BTC’s dominance over the altcoins continues to fade away, and it has declined below 40% on CoinMarketCap.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

LINK Takes Over

Most larger-cap altcoins have been equally calm lately. The past 24 hours are no different. Ethereum has dabbled with $3,800 for several days and now trades just above it after a minor 1.5% daily increase.

Binance Coin, Solana, Cardano, Ripple, and Polkadot are slightly in the green as well, while Terra, Avalanche, and Dogecoin have charted minor losses.

Chainlink is the most significant gainer from here. LINK has surged by 9% in a day and sits north of $25.

More increases come from ICP (24%), Mina (16%), BitTorrent (15%), Velas (14%), Immutable X (11%), Helium (11%), and The Graph (10%).

The cryptocurrency market capitalization has risen slightly to $2.250 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Bitcoin (BTC) $ 26,287.04 1.12%
Ethereum (ETH) $ 1,581.91 0.70%
Litecoin (LTC) $ 63.59 2.25%
Bitcoin Cash (BCH) $ 204.57 1.60%