European Crypto Asset Managers Expand Exposure to Raydium

The wave of new exchange‑traded products (ETPs) launched by 21Shares on September 17, 2025, signals a growing institutional appetite for the Solana‑based decentralized exchange Raydium. By adding a physically backed ETP that tracks the Raydium token (ARAY), 21Shares widens its portfolio to include a high‑liquidity DeFi platform that has already demonstrated substantial trading activity in the broader decentralized exchange market.

21Shares’ Strategic Expansion

21Shares, a Swiss‑based crypto asset manager, now offers 50 ETPs across Europe. The firm announced the addition of two new physically backed products:

  • AFET – an AI‑focused ETP that tracks a group of open‑source machine‑learning protocols, including Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS.
  • ARAY – the Raydium‑focused ETP that grants investors direct exposure to the Raydium token.

With these launches, 21Shares manages more than $11 billion globally and positions itself as one of the largest issuers of crypto ETPs worldwide. The firm’s expansion is consistent with a broader trend among European asset managers seeking to provide investors with diversified exposure to both emerging technologies and established blockchain platforms.

Raydium’s Market Position

Raydium, a leading automated market maker (AMM) on the Solana blockchain, has attracted significant liquidity and trading volume. Recent reports highlight weekly DEX trading volumes of $70.52 billion across platforms such as UniSwap, Pancake, Meteora, Hyperliquid, and Aerodrome. Within this ecosystem, Raydium consistently ranks among the top performers, benefiting from Solana’s high throughput and low transaction costs.

The introduction of ARAY aligns with these market dynamics, offering a straightforward vehicle for investors to gain exposure to a platform that has proven resilience and scalability. Moreover, the physical backing of the ETP mitigates counterparty risk, appealing to risk‑averse institutional clients.

Implications for RAYDIUM Corp.

While RAYDIUM Corp. is primarily a Taiwanese technology company listed on the Taiwan Stock Exchange, the recent European expansion of Raydium‑focused investment products could indirectly influence the company’s valuation. A broader adoption of Raydium’s token may increase demand for Solana‑based tokens, potentially raising the price of assets tied to the ecosystem. RAYDIUM Corp.’s current market capitalization—≈ 21.7 billion TWD—and a price‑to‑earnings ratio of 12.92 suggest that the company remains reasonably valued within its sector, but any upward pressure on Solana’s token price could create favorable conditions for related enterprises.

Conclusion

The launch of 21Shares’ ARAY ETP underscores a decisive move by European crypto asset managers to integrate prominent DeFi platforms into their product suites. For investors seeking exposure to the Solana ecosystem, ARAY offers a liquid, physically backed alternative that capitalizes on Raydium’s proven liquidity and trading volume. Meanwhile, companies like RAYDIUM Corp., operating within the broader technology landscape, may benefit from the ripple effects of increased market participation in Solana‑based assets.