21Shares is making big moves again.

They have just simultaneously launched two new ETP products on multiple major European exchanges—one tracking Ethena's ENA, and the other targeting Morpho’s lending protocol token.

Let’s start with the Ethena product (ticker: EENA). Investors can gain direct exposure to ENA, and it’s already listed on Swiss exchanges, Euronext Amsterdam, and Paris, with pricing available in both USD and EUR. The management fee is set at 2.5%.

Morpho’s product is set up similarly (ticker: MORPH). Same lineup of exchanges, same currency support, and the same fee.

Mandy Chiu, Global Head of Product Development at 21Shares, made it clear: this launch demonstrates their ongoing commitment to building institutional-grade investment channels for the most cutting-edge areas of digital finance.

It’s worth noting that both Ethena and Morpho are highly representative protocols in the DeFi sector. The fact that even these types of projects can now reach traditional institutional investors through compliant ETPs shows that the European market’s acceptance of DeFi assets is clearly on the rise.

Institutional capital is quietly flowing in through these products.