ChainCatcher reported that according to CryptoSlate, 21Shares' parent company 21.co has launched its packaged Bitcoin product "21BTC" on the Ethereum blockchain.

The company said it is working with market maker Flow Traders to launch a product that will give customers "peace of mind as they explore decentralized applications and new opportunities on the Ethereum blockchain." 21.co's 21BTC stores underlying assets securely in cold wallets without the need for cross-chain bridges.

Earlier in May, 21Shares' 21.co launched 21BTC native Bitcoin assets on Solana.