Venice Token ETP Tops $1.45 Million in First-Day Assets

21Shares' Venice Token exchange-traded product (ETP) recorded more than $1.45 million in assets under management on its first day, giving European investors a physically backed way to gain exposure to Venice Token (VVV). The product trades on SIX Swiss Exchange under ticker VENC and charges a 2.5% annual fee. It was part of 21Shares' European rollout of ETPs for Venice and Lighter tokens . Venice's user count reached a new peak of 5 million, while API calls rose 400% since July. The number of VVV holders increased from 154,740 in late September to 156,690. Token supply activity through Oct.

Source: TokenPost