2024-11-28 22:02 |
21Shares, a leading investment firm in the crypto sector, has expanded its portfolio with four new exchange-traded products (ETPs)—NEAR Protocol Staking ETP, Ondo ETP, Render ETP, and Pyth Network ETP—cementing its position as a pioneer in offering regulated access to blockchain innovations.
The newly launched ETPs focus on emerging technologies like decentralized computing, asset tokenization, price oracles, and artificial intelligence, aligning with the growing interest in cutting-edge crypto solutions.
The 21Shares’ PYTH, ONDO, RNDR, and NEAR ETPsThe newly launched 21Shares’ NEAR Protocol Staking ETP, Ondo ETP, Render ETP, and Pyth Network ETP are now accessible to investors on major European exchanges, including those in Amsterdam and Paris.
Each product is designed to track the performance of its underlying token, providing transparent and straightforward exposure to the respective technologies.
The NEAR Protocol Staking ETPThe NEAR Protocol Staking ETP stands out with its innovative staking feature. Investors earn staking rewards, which are automatically reinvested into the product to enhance overall returns.
Built on a scalable proof-of-stake blockchain, NEAR Protocol integrates decentralized AI capabilities while simplifying crypto infrastructure. Its token, NEAR, currently priced at $6.69, has shown remarkable growth, with a 279.5% increase over the past year.
The Render ETPThe Render ETP, powered by the RENDER token, leverages the decentralized GPU rendering capabilities of the Render Network. This platform addresses scalability challenges in high-demand sectors like AI, virtual reality (VR), and digital content creation.
Render Network’s native token recently rebranded from RNDR to RENDER and is priced at $7.93, reflecting an impressive 69.4% rise in the last 30 days and a 153.8% growth over the past year.
The Ondo ETPThe Ondo ETP offers exposure to ONDO, the token fueling Ondo Finance, a platform that specializes in tokenized fixed-income securities.
Priced at $1.06, the token has gained 62.3% in value over the past month, making it a promising asset in the growing tokenized finance sector.
The Pyth Network ETPThe Pyth Network ETP tracks PYTH, the native token of the decentralized oracle network delivering high-frequency, real-time market data to blockchains.
With a current price of $0.4509, PYTH has experienced steady growth, up 28.2% over the past month and 15.3% over the last year.
21Shares calls for regulatory clarity in EuropeWhile 21Shares is expanding its offerings in Europe, the investment firm has called for greater regulatory clarity in Europe.
While the Markets in Crypto-Assets (MiCA) framework addresses stablecoins and exchanges, gaps remain for ETFs and ETPs.
21Shares has urged the European Securities and Markets Authority to establish comprehensive guidelines, emphasizing the need for consistency across member states.
Despite the lack of regulatory clarity, 21Shares continues to innovate in providing European investors with secure and regulated access to blockchain technologies, catering to the rising demand for diverse crypto investment opportunities with its latest offerings.
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