NEAR Protocol

Ondo

Render

Pyth Network

21Shares, an issuer of cryptocurrency exchange-traded products (ETPs),&nbsp;<a style="text-decoration:none" href="https://x.com/21Shares/status/1861333216919166998">introduced</a> four new ETPs to expand investor access to emerging digital assets.&nbsp;
The new offerings will provide exposure to&nbsp;Pyth Network,&nbsp;Ondo Finance,&nbsp;Render Network, and&nbsp;NEAR Protocol. These products will be available to investors on major European exchanges, including those in Amsterdam, Paris, and beyond.
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 <blockquote class="twitter-tweet">
 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. <a href="https://t.co/szwt5LN17W">pic.twitter.com/szwt5LN17W</a>— 21Shares (@21Shares) <a href="https://twitter.com/21Shares/status/1861333216919166998?ref_src=twsrc%5Etfw">November 26, 2024</a>
 </blockquote> 
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Each product will be backed by its respective token, ensuring a transparent connection between the investment vehicle and the underlying asset. The newly launched&nbsp;21Shares NEAR Protocol Staking ETP,&nbsp;21Shares Ondo ETP,&nbsp;21Shares Render ETP, and&nbsp;21Shares Pyth Network ETP are specifically designed to provide investors with a targeted and accessible way to invest in these innovative projects.&nbsp;
Per reports, these ETPs come at a time when the demand for blockchain-related investment products is increasing across Europe.
Lets look at the respective ETPs:
<h2 id="span-span-strong-near-protocol-staking-etp-strong-span-span">NEAR Protocol Staking ETP</h2>
One of the standout offerings is the&nbsp;21Shares NEAR Protocol Staking ETP, which incorporates staking rewards into the product structure. Investors will benefit from automatic reinvestment of staking rewards, which can enhance the overall return on investment.
The&nbsp;NEAR Protocol, a scalable proof-of-stake (PoS) blockchain, integrates decentralized AI capabilities, providing a foundation for a variety of decentralized applications (dApps).&nbsp;
NEAR’s token,&nbsp;NEAR, is currently&nbsp;<a style="text-decoration:none" href="https://coinmarketcap.com/currencies/near-protocol/">valued at $6.65</a>, showing a remarkable&nbsp;21.35% increase over the past week.&nbsp;
<h2 id="span-span-strong-render-etp-a-gateway-to-decentralized-gpu-rendering-strong-span-span">Render ETP: A Gateway to Decentralized GPU Rendering</h2>
The&nbsp;21Shares Render ETP allows investors to gain exposure to&nbsp;RENDER, the native token of the&nbsp;Render Network. Render provides a decentralized solution for high-performance graphics processing, addressing the scalability issues in sectors like AI, virtual reality (VR), and digital content creation.
RENDER has experienced significant growth, with a&nbsp;11.82% increase over the past week. At a&nbsp;<a style="text-decoration:none" href="https://coinmarketcap.com/currencies/render/">price of&nbsp;$8.22</a>, Render's focus on decentralized GPU rendering positions it well to capture the increasing demand for AI and VR-powered applications.
<h2 id="span-span-strong-ondo-etp-exposure-to-tokenized-fixed-income-securities-strong-span-span">Ondo ETP: Exposure to Tokenized Fixed-Income Securities</h2>
The&nbsp;21Shares Ondo ETP offers exposure to&nbsp;ONDO, the token powering&nbsp;Ondo Finance, a platform specializing in tokenized fixed-income securities. This platform aims to bridge traditional finance with blockchain technology, offering tokenized versions of fixed-income assets.
ONDO has recently gained&nbsp;7.55% in value over the past week, with the token now&nbsp;<a style="text-decoration:none" href="https://coinmarketcap.com/currencies/ondo-finance/">priced at&nbsp;$1.08.&nbsp;</a>
<h2 id="span-span-strong-pyth-network-etp-real-time-market-data-for-blockchains-strong-span-span">Pyth Network ETP: Real-Time Market Data for Blockchains</h2>
The&nbsp;21Shares Pyth Network ETP tracks the performance of&nbsp;PYTH, the native token of the&nbsp;Pyth Network, a decentralized oracle that provides high-frequency, real-time market data to blockchains. This solution is critical for the development of decentralized finance (DeFi) applications, which require reliable and timely data feeds.
The&nbsp;PYTH token is currently <a href="https://coinmarketcap.com/currencies/pyth-network/">valued at&nbsp;$0.477</a>, reflecting a steady increase of&nbsp;18% over the last week.&nbsp;
<h2 id="span-span-strong-growing-demand-for-crypto-investment-vehicles-strong-span-span">Growing Demand for Crypto Investment Vehicles</h2>
This expansion follows 21Shares’ ongoing efforts to enhance the regulatory clarity around cryptocurrency products in Europe. Recently, 21Shares has called on European regulators to provide clear guidelines for digital asset products like ETPs, ETFs, and other crypto investment vehicles.&nbsp;
The increasing regulatory focus on digital assets, such as the&nbsp;Markets in Crypto-Assets Regulation (MiCA), is expected to support the growth of crypto investment products in Europe.
The launch of these four ETPs by&nbsp;21Shares is part of a broader trend in the crypto space, with other firms also expanding their digital asset offerings. Companies like&nbsp;WisdomTree,&nbsp;Bitwise, and&nbsp;Canary Capital are already seeking approval for new ETFs and ETPs in various jurisdictions, signaling that the demand for cryptocurrency investment products could increase.

21Shares Introduces Four New ETPs for Pyth, Ondo, Render, and Near

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