21Shares, a leading issuer of cryptocurrency exchange-traded products, has introduced four new ETPs to broaden investors' access to emerging digital assets.
NEAR Protocol Staking ETP
One of the standout offerings is the NEAR Protocol Staking ETP, which incorporates staking rewards into its structure. This allows investors to benefit from automatic reinvestment of these rewards, potentially enhancing the overall return. NEAR Protocol, a scalable proof-of-stake blockchain, integrates decentralized AI capabilities for a variety of applications.
Render ETP: Gateway to Decentralized Rendering
The Render ETP enables investors to gain exposure to RENDER, the native token of the Render Network. Render provides a decentralized solution for graphics processing, addressing scalability issues in areas such as AI, virtual reality, and digital content creation.
Ondo ETP and Pyth Network ETP
The Ondo ETP offers exposure to the ONDO token, powering Ondo Finance, a platform for tokenized fixed-income securities. The Pyth Network ETP tracks the performance of PYTH, a decentralized oracle token providing high-frequency market data to blockchains.
The launch of these new products by 21Shares comes amid increasing demand for blockchain-related investment products in Europe. Companies like WisdomTree and Bitwise are also expanding their digital asset offerings.
