21shares crypto ETPs expanded on October 20, 2026, with the launch of physically backed products tracking Lighter and Venice Token. The two offerings give European investors access through conventional brokerage accounts to tokens associated with decentralized perpetual-futures trading and privacy-focused artificial intelligence.
Key Takeaways
- The Lighter ETP trades on Deutsche Börse Xetra, while the Venice Token ETP is listed on SIX Swiss Exchange.
- Both products are physically backed and carry stated fees of 2.50%.
- Xetra identifies LIHT as Lighter’s euro ticker and LIHU as its US dollar ticker.
Table of Contents
- Where the new 21shares crypto ETPs trade
- Two different uses for the underlying tokens
- Brokerage access does not mean lower underlying risk
- Conclusion
Where the new 21shares crypto ETPs trade
The 21shares Lighter ETP provides exposure to LIT, the native token of the Lighter decentralized exchange. The 21shares Venice Token ETP, trading under VENC, provides exposure to VVV, the token associated with the Venice AI platform.
Deutsche Börse’s October 20 listing announcement confirms that the Lighter product is physically backed and lists annual product costs of 2.50%. The exchange distinguishes between LIHT for euro trading and LIHU for US dollar trading, a detail investors need when identifying the instrument through a broker.
21shares lists the Venice product on SIX Swiss Exchange in US dollars. The exchange-traded structure removes the need for investors to purchase and hold the underlying tokens through a separate crypto exchange account, but it does not remove exposure to token-price volatility.
| Item | Details |
|---|---|
| Lighter security identifier | ISIN CH1615641755 |
| Venice security identifier | ISIN CH1614108301 |
| Lighter instrument classification | Deutsche Börse classifies the product as a crypto ETN. |
| US availability | The launch materials state there will be no public offering in the United States. |
Two different uses for the underlying tokens
Lighter specializes in perpetual futures across crypto, foreign exchange, equities and commodities. It uses zero-knowledge technology to make order matching and liquidations verifiable. According to 21shares, the platform directs revenue toward LIT buybacks and permanent token burns.
Venice focuses on AI inference without retaining user data, sensitive code or corporate records. Its OpenAI-compatible application programming interface targets developers and enterprises seeking zero-data-retention processing.
21shares says Venice uses subscription revenue for token burns and has a scheduled 86% reduction in annual VVV emissions. The announcement does not specify when that reduction takes effect. These mechanisms describe the underlying platforms’ token economics; they are not promised returns for ETP holders.
Brokerage access does not mean lower underlying risk
The products package token exposure within a familiar securities-trading format. That changes how investors access and hold the investment, rather than turning it into direct ownership of an exchange business or an AI company.
The launch materials describe crypto exchange-traded notes as high-risk and complex products in the United Kingdom and warn that investors could lose their entire investment. They also state that these products are not covered by the UK Financial Services Compensation Scheme or Financial Ombudsman Service.
Conclusion
The launches extend brokerage-based access to two distinct crypto applications. Venice’s scheduled emissions reduction is a forthcoming development identified in the announcement, although no implementation date was provided.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
