21Shares has added two new products to its crypto ETP lineup, introducing exchange-traded exposure to Ethena and Morpho as institutional demand for decentralized finance assets continues to grow. The products, listed across major European exchanges, offer regulated access to protocols that have scaled rapidly within digital financial markets.
Ethena, the protocol behind the USDe digital dollar, has emerged as a key player in crypto-based liquidity markets. Its asset growth and hedging framework have drawn attention from investors seeking alternative dollar exposure. The new ETP provides access to the ENA token, which supports the protocol’s governance and risk structure.
Morpho, a lending architecture designed to support customized and risk-isolated credit markets, has also expanded significantly, attracting activity from both crypto-native users and traditional financial institutions. The Morpho ETP offers investors a way to track the protocol’s native token without directly interacting with on-chain systems.
The launches follow continued expansion of 21Shares’ product suite, reinforcing the firm’s position as a major issuer of digital asset ETPs in Europe.
