21Shares launched physically backed exchange-traded products for Lighter (LIT) and Venice Token (VVV) in Europe, according to a BlockBeats report citing an official announcement.
Listings and fees
The Lighter product trades under LIHT on Germany’s Xetra and supports euro and U.S.-dollar trading. The Venice Token product trades under VENC on Switzerland’s SIX in U.S. dollars. Each product carries a stated 2.50% fee.
Product scope
The report described both products as physically backed by the underlying tokens. It did not provide price data, return expectations or a claim that the products are low risk.
Source: BlockBeats flash.