21Shares has officially launched its Hedera ETP (HDRA) in Europe, offering investors 100% physically backed exposure to HBAR, the native token of the Hedera network. The product is now listed on Euronext Amsterdam and Euronext Paris, making it easier for both institutional and retail investors to access Hedera through traditional brokerage accounts.
For context, an ETP (Exchange-Traded Product) is a type of investment product that tracks the price of a given asset, in this case, $HBAR. A crypto ETP allows investors who have little to no knowledge of wallet management or digital assets handling to gain exposure to these currencies.
ETPs are generally updated on a set schedule, tracking an asset like Hedera daily. The HDRA ETP’s price will likely adjust throughout the day, depending on market activity and exchange policies.
While ETPs and ETFs share some similarities, they have key differences. Exchange-Traded Funds (ETFs) are a type of investment fund backed by the assets they hold, often including stocks, bonds, or commodities. When investors purchase a product like IBIT’s Bitcoin ETF—they are not directly buying $BTC but rather a share of the ETF.
Meanwhile, an ETP like HDRA directly holds the asset, and its value moves with the price of HBAR itself. Investors who buy the HDRA ETP aren’t purchasing shares in a fund—they’re getting direct exposure to Hedera because the product physically holds the tokens.
As Europe moves forward with new crypto investment products, the U.S. market is still waiting for regulatory clarity regarding bridging the gap between traditional finance and digital assets. The SEC is set to decide on spot HBAR ETFs on June 11, with applications from Canary Capital and Grayscale under review. The decision could mark a turning point for Hedera’s adoption in mainstream finance, as approval would allow U.S. investors to access HBAR through ETFs for the first time.
For readers exploring new exchanges, WEEX is currently offering early users a chance to claim up to 100 USDT just for signing up and verifying — no strings attached.
