**Crypto ETP Issuer 21Shares Calls for Unified EU Crypto Regulations**

Crypto ETP issuer 21Shares is urging the European Securities and Markets Authority (ESMA) to establish a unified regulatory framework for including crypto assets in investment products like ETPs and ETFs.

Currently, EU regulations are inconsistent, with countries like Germany and Malta allowing UCITS funds to hold crypto, while Luxembourg and Ireland do not. This patchwork of rules creates confusion for investors.

21Shares argues that a consistent set of rules would provide clarity, protect investors, and align Europe with markets like the US and Hong Kong. The firm suggests clear guidelines for indirect crypto exposure through ETPs.

ESMA recently closed a consultation on eligible assets for UCITS and is considering feedback for potential regulatory changes. 21Shares operates over 40 ETPs and is the fourth-largest spot Bitcoin ETF in the US.