— New Institutional Impulse for DeFi in Regulated Exchange.🇪🇺$ENA 🇪🇺$MORPHO 🇪🇺
🥳 The new products are arriving at the SIX Swiss Exchange and Euronext with a focus on on-chain financial infrastructure and advanced exposure to the DeFi sector.💲💶💲
Zurich, December 3, 2025 — 21shares, one of the largest global issuers of cryptocurrency exchange-traded products, announced today the launch of two new ETPs that provide investors access to the leading decentralized finance (DeFi) infrastructure: the 21shares Ethena ETP (Ticker: EENA) and the 21shares Morpho ETP (Ticker: MORPH).
The simultaneous listing on the SIX Swiss Exchange, Euronext Amsterdam, and Euronext Paris places Ethena and Morpho on the radar of institutional and retail investors in fully regulated markets.
The arrival of these ETPs comes at a crucial moment, with the demand for DeFi assets and on-chain infrastructure growing rapidly. Both products are designed to provide direct, transparent, and regulated exposure to high-expansion protocols — without the investor needing to manually interact with wallets, DEXs, or smart contracts.
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🔗 Why are Ethena and Morpho going public?
The on-chain financial infrastructure sector has evolved rapidly in 2024-2025. Protocols like Ethena and Morpho have gained significant traction by offering:
✔ Deep liquidity
✔ Direct solutions for yield management
✔ More efficient decentralized lending
✔ Native blockchain operations with elevated security
With the launch of the ETPs, 21Shares creates a secure and regulated channel to capture this growth. The products follow the thesis of:
• reduction of intermediaries
• greater transparency
• integration between DeFi and traditional markets
Instead of the investor having to navigate through Web3 wallets, the ETPs allow buying EENA and MORPH as if they were stocks — with all the security of institutional custody.
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📈 Cryptocurrency ETPs: The Fastest Growing Trend in 2025
The crypto ETP market has become one of the most aggressive segments of the financial industry. They combine:
• liquidity from traditional markets
• regulatory protection
• simplified access
• exposure to high-growth digital assets
With the arrival of EENA and MORPH, 21Shares reinforces its role as the company that set the global standard for crypto ETPs since 2018.
The expectation is that these products will especially attract:
• traditional funds that cannot operate directly in DeFi
• investors who want exposure without dealing with blockchain
• managers seeking diversification with high return potential
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⚙️ What makes the Ethena and Morpho ETPs innovative?
21Shares has incorporated several technical advancements into these products:
✦ 1. Optimized tracking
Designed to track the real performance of protocols with less tracking error — one of the biggest challenges of crypto ETFs.
✦ 2. Enhanced liquidity
The structure was set up to ensure depth, reducing spreads and improving execution for large volumes.
✦ 3. Sustainability and efficiency
Both protocols have a strong focus on efficient capital use and security design, elements that attract institutional investors.
✦ 4. Regulatory protection
21Shares follows strict European standards for ETPs, elevating legal and operational security.
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🇨🇭 SIX Swiss Exchange: The Global Hub for Regulated Crypto
The listing of the new ETPs on the Swiss Stock Exchange reinforces SIX's leadership in the sector.
The country has become a reference for combining:
• regulated environment
• transparency
• global access
• institutional support
With ETHENA and MORPH now available, investors worldwide can buy regulated DeFi through their traditional broker.
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🛡️ Regulation: The Central Point of ETP Evolution
21Shares' expansion is only possible because the regulated market has embraced ETPs as a bridge between traditional finance and blockchain.
Regulatory compliance:
• increases trust
• attracts institutional capital
• reduces access frictions
• stimulates market maturity
The launch of EENA and MORPH demonstrates how innovation and regulation now walk hand in hand in the crypto sector.
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🔮 Market Impact: What to Expect?
The arrival of the Ethena and Morpho ETPs can generate significant effects:
📌 More visibility for DeFi protocols
📌 Greater entry of institutional capital
📌 Stimulus for new ETPs focused on on-chain income
📌 Increase in liquidity and global adoption
If the products gain good traction — as has happened with other 21Shares ETPs — it is likely that banks, funds, and traditional brokers will increase their exposure to the sector.
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🎓 21Shares' commitment to Education and Adoption
The company also reinforced its focus on investor education, offering:
• detailed reports
• webinars
• workshops
• risk analysis and protocol behavior
With the emergence of more complex products, 21Shares is helping to reduce the gap between traditional investors and the DeFi universe.
