21Shares, a Switzerland-based asset manager, has introduced four new Exchange Traded Products (ETPs) focusing on emerging blockchain technologies. The new products include the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP, each offering investors a gateway to various blockchain solutions in a legally compliant manner. These ETPs aim to provide investors with easy access to the benefits of blockchain technology while ensuring regulatory compliance.
The NEAR Protocol Staking ETP, backed by the NEAR Protocol, offers investors the opportunity to earn staking rewards and maximize their returns. NEAR Protocol is a scalable smart contract platform that leverages decentralized AI to enhance infrastructure efficiency within the blockchain ecosystem. This ETP allows investors to participate in staking activities and earn rewards while supporting the growth of the NEAR Protocol.
Ondo ETP, supported by ONDO, provides exposure to tokenized fixed-income securities through blockchain technology. By integrating traditional markets with decentralized finance (DeFi), Ondo ETP enables investors to engage with on-chain traditional financial products while adhering to legal frameworks. This ETP offers a bridge between traditional financial markets and the world of DeFi, providing investors with diversified investment opportunities.
The Pyth Network ETP focuses on the PYTH token, central to the Pyth Network’s decentralized oracle system. This network delivers high-frequency, real-time market data to blockchains, addressing challenges related to data reliability and accessibility. Investing in the Pyth Network ETP allows investors to support the integration of reliable data into decentralized applications, further enhancing the efficiency and reliability of blockchain ecosystems.
Furthermore, the Render ETP, backed by RNDR, supports the Render Network’s decentralized GPU rendering capabilities. This platform facilitates efficient digital content creation, AI processes, and VR development through distributed computing. By offering the Render ETP, 21Shares enables investors to access a platform that transforms computationally intensive operations into decentralized solutions, enhancing the digital content creation process.
In addition to launching these new ETPs, 21Shares has applied to the US Securities and Exchange Commission (SEC) for permission to launch an XRP ETF. The proposed fund, “21Shares Core XRP Trust,” aims to replicate the price movements of XRP, expanding the range of crypto products offered by 21Shares. This move aligns with the company’s objective of providing investors with diverse investment opportunities in the digital asset market, building on its established position with the Ripple XRP ETP in Switzerland. The introduction of the XRP ETF further strengthens 21Shares’ presence in the cryptocurrency space, demonstrating its commitment to innovation and expanding its product offerings to meet the evolving needs of investors in the blockchain industry.
