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. 21 included 41,000 VVV burned, 164,000 minted and 309,000 vested.

VVV reached an all-time high of $34.51 on Sept. 21 during a record run from its Dec. 1, 2025 low.