21Shares launched a physically backed Venice Token ETP under the VENC ticker, which is listed on the SIX Swiss Exchange with annual fees of 2.50%. The product attracted $1.45 million in assets under management on its first day. VVV gained about 6% over 24 hours and more than 11% over the past week, after more than doubling its value since July. Adoption is growing, with 5 million users, a 400% increase in API calls since July and nearly 2,000 additional holders, while 41,000 VVV were burned against 164,000 tokens minted and 309,000 vested. The token moved above $25, but the $30 resistance zone stands between VVV and a potential return to $34.
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