21Shares calls for unified EU crypto regulations

The company highlights inconsistencies within the EU, where some member states like Germany and Malta allow crypto in UCITS funds, while others like Luxembourg and Ireland do not.

EU's DORA law highlights the growing need for cyber resilience in the financial sector, with strict new requirements for banks and suppliers.

21Shares, a leading issuer of crypto exchange-traded products (ETPs), has called on the European Union to establish a unified regulatory framework for incorporating cryptocurrencies into investment products. The firm highlighted the current inconsistencies across member states, where countries like Germany and Malta allow crypto in UCITS funds, while others, such as Luxembourg and Ireland, do not.

A unified regulatory approach, 21Shares argues, would not only provide much-needed clarity for investors but also align Europe with other global markets, including the US and Hong Kong. By establishing clear guidelines, retail and institutional investors alike could benefit from greater diversification opportunities, all within a secure, regulated environment.

The European Securities and Markets Authority (ESMA) has already begun reviewing feedback on the inclusion of crypto assets in UCITS funds, with a decision expected to follow. 21Shares, which currently offers over 40 ETPs, believes this move would pave the way for greater access to digital assets in a regulated market.