The leading crypto investment company, 21Shares, has announced the addition of four new exchange-traded products (ETPs): NEAR Protocol Staking ETP, Ondo ETP, Render ETP and Pyth Network ETP. These products, designed to offer direct exposure to emerging technologies such as decentralized computing, asset tokenization, price oracles and artificial intelligence, are available on key European exchanges, including Amsterdam and Paris.
Big news: Four game-changing ETPs just released! Introducing our newest products focused on oracles (PYTH), tokenization (ONDO), decentralized computing (RNDR), and artificial intelligence (NEAR). Find out more about each product and either of the links below. pic.twitter.com/szwt5LN17W
— 21Shares (@21Shares) November 26, 2024
New 21Shares ETPs
NEAR Protocol Staking ETP
This product combines investment in the NEAR token with automatically reinvested staking rewards to maximize returns. Based on a scalable proof-of-stake Blockchain, NEAR also incorporates artificial intelligence capabilities. The token, currently valued at $6.68, has recorded an impressive 279.5% growth in the last year.
Render ETP
Powered by the RENDER token, this ETP leverages the Render Network’s decentralized GPU rendering capabilities, addressing critical needs in artificial intelligence, virtual reality, and digital content. Currently priced at $8.37, RENDER is up 171.3% in the past year.
Ondo ETP
This product offers exposure to the ONDO token, the powerhouse of Ondo Finance, which specializes in tokenized fixed income securities. Priced at $1.08, ONDO has seen a 569% increase over the past year, positioning itself as a leading asset in the tokenized finance sector.
Pyth Network ETP
Designed to track the PYTH token, native to the Pyth Network decentralized oracle network, this ETP offers access to real-time, high-frequency market data. Priced at $0.4762, PYTH has shown solid growth, rising 16% over the past year.
Cry for greater regulatory clarity in Europe
As 21Shares expands its presence in Europe, the firm has asked regulatory authorities, such as the European Securities and Markets Authority (ESMA), to develop a comprehensive framework for crypto ETFs and ETPs. Despite current regulatory gaps, 21Shares continues to lead innovation, providing secure and regulated access to blockchain technologies.
With these launches, 21Shares reaffirms its commitment to offering cutting-edge financial products that respond to growing investor interest in cryptocurrencies and blockchain technologies.
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