21shares Expands DeFi Offering With New Ethena and Morpho ETPs

21shares, known as a pioneer in crypto investment products, has once again expanded its crypto offerings. In a recent X post, the company revealed it had launched two new exchange-traded products (ETPs) linked to Ethena (ENA) and Morpho (MORPHO) tokens.

This announcement immediately pushed both token prices higher. With these launches, the company is widening investor access to fast-growing decentralized finance (DeFi) networks through clear, regulated financial channels.

New ETPs Bring Ethena and Morpho to Major European Markets

As announced, the newly released 21shares Ethena ETP (EENA) and the 21shares Morpho ETP (MORPH) are now listed on leading European exchanges. This includes the SIX Swiss Exchange, Euronext Amsterdam, and Euronext Paris. 

These products give investors access to two of the fastest-growing on-chain systems. They make this possible without requiring investors to interact directly with blockchain platforms.

This latest launch follows 21shares’ recent move to cross-list six other ETPs on Nasdaq Stockholm. These include products linked to Aave, Cardano, Chainlink, Polkadot, and two crypto basket indexes. 

Earlier in the year, the company debuted the 21Shares Hyperliquid ETP on SIX Swiss Exchange. These developments are part of 21Shares’s wider strategy to expand access to innovative areas of the digital asset market using regulated investment vehicles.

Ethena and Morpho Drive DeFi Growth as ENA Token Surges 18%

In a recent statement, Mandy Chiu, Global Head of Product Development at 21shares, said Ethena and Morpho are playing key roles in the DeFi space. Chiu highlighted that Morpho redesigns decentralized lending with more efficient credit markets. 

Ethena, on the other hand, focuses on the global dollar market through its synthetic dollar system. Following the news, Ethena’s token, ENA, jumped 18%, reaching a daily high of $0.2802 before trading around $0.2783. 

The rise pushed its market value to $2 billion, while trading volume almost doubled to $367 million. While other crypto assets and investment funds suffered massive losses in November, Ethena Labs reported strong growth. 

This company said this was driven by new listings, clearer oracle systems, major integrations, and wider use of its USDe stablecoin.

Morpho Gains Momentum as Its ETP Boosts Market Accessibility

Morpho’s token also saw gains, climbing 7% in one day and hitting a high of $1.50 before settling near $1.45. The token is still well below its previous peak of $4.17. However, the new MORPH ETP allows traditional investors to access the protocol more easily.

Morpho Blue, the main layer of the system, powers custom lending markets designed to separate risks and support billions in deposits and loans. Co-founder Merlin Egalite said that DeFi needs systems that are neutral, immutable, and non-custodial. 

These features are essential for it to provide a stable foundation for global finance. Morpho’s Vault V2 follows this approach by implementing timelocks and independent Sentinel oversight. 

It also provides tools that let users redeem positions directly at the market level. These features aim to keep users safe while protecting the protocol’s independence.

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