Venice Token ETP hits $1.45M AUM on first day – But VVV’s $34 push needs…

Venice Token [VVV] gained about 6% over the past 24 hours, extending its weekly gains beyond 11%. Still, that uptick was modest compared with its performance since July, when the altcoin began a rally that more than doubled its price. The gains came despite new supply outpacing token burns. Growing access and platform usage offered possible explanations for that resilience. A look into VENC's AUM, burns, users, and API calls! First, 21Shares provided European investors with physically backed exposure by launching the Venice Token ETP under the ticker VENC. The ticker is live on the SIX Swiss exchange with annual fees of 2.50%. On its first day of launch, VENC acquired over $1.45 million in assets under management (AUM). This indicated VVV was tapping into the $2.30 trillion EU market.

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