21Shares, an issuer of cryptocurrency ETPs, has introduced four new products to expand investor access to emerging digital assets. These ETPs provide exposure to the Pyth Network, Ondo Finance, Render Network, and NEAR Protocol, and will be available on major European exchanges.
New Offerings from 21Shares
The new offerings allow investors to gain exposure to Pyth Network, Ondo Finance, Render Network, and NEAR Protocol. These products will be available on major European exchanges, including those in Amsterdam and Paris.
Features of Each ETP
Each product is backed by its respective token, ensuring a transparent connection between the investment vehicle and the underlying asset. Notably, the 21Shares NEAR Protocol Staking ETP incorporates staking rewards, enhancing the overall return on investment. The 21Shares Render ETP provides access to the Render token for decentralized graphics processing. The 21Shares Ondo ETP offers exposure to the Ondo token for tokenized fixed-income securities, while the 21Shares Pyth Network ETP tracks the performance of the Pyth Network for decentralized applications.
Demand for Crypto Investments in Europe
With increasing demand for blockchain-related investment products, these ETPs come at an opportune time. Recently, 21Shares has called on European regulators to provide clear guidelines for digital asset products like ETPs and ETFs. This growing regulatory focus supports the expansion of crypto investment programs in Europe.
The launch of new ETPs by 21Shares signals a growing interest in crypto investments among European investors. As regulatory attention on digital assets increases, initiatives like these can play a key role in shaping the market.
