Switzerland-baed 21Shares has launched its 30th exchange-traded product focusing on The Sandbox’s metaverse and gaming platform, according to a Coindesk report.
The SAND ETP will provide exposure to The Sandbox virtual platform, allowing investors to capitalize on its growth Securely. The platform allows participants to gain through assets and their gaming.
21Shares Chief Executive Hany Rashwan cited the attention of the metaverse in the crypto space, noting that The Sandbox could become the “best performing blue-chip metaverse token” moving forward.
The ETP will be cross-listed on Euronext Paris and Amsterdam and comes after The Sandbox’s native SAND declined 40% in the last three years. It is the 30th cryptocurrency ETP of 21Shares, which has some $3 billion in assets under management.
A number of major lenders such as Goldman Sachs, ICAP, JPMorgan, and UBS have all acquired ETPs with a growing clientele. SAND is down 2.89%.