Pyth Network, Ondo, Render, and Near Protocol ETPs strengthen 21Shares’ growing presence in Europe as crypto investments gain momentum.
21Shares Launches Four Innovative Crypto ETPs
On November 27, Swiss-based asset manager 21Shares unveiled four new exchange-traded products (ETPs) targeting European investors. These additions, backed by Pyth Network, Ondo, Render (RNDR), and Near Protocol, focus on emerging technologies such as decentralized computing, asset tokenization, and artificial intelligence.
Near Protocol ETP Staking Rewards
In a strategic move, the Near Protocol ETP incorporates staking rewards, allowing investors to reinvest earnings directly into the product. This feature leverages Near’s proof-of-stake model, providing users with enhanced yield opportunities while contributing to network security.
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.
The ETPs will trade on major European exchanges, including those in Amsterdam and Paris, solidifying 21Shares’ reputation for delivering innovative crypto investment solutions.
Expanding Horizons in Europe’s Evolving Crypto Market
This launch follows 21Shares’ ongoing efforts to navigate regulatory uncertainty within the European Union. Despite the introduction of the Markets in Crypto-Assets Regulation (MiCA), gaps remain for ETPs and ETFs in the EU market.
21Shares Advocates for Stronger Crypto Regulations
21Shares continues to advocate for clearer guidelines, urging the European Securities and Markets Authority (ESMA) to establish a comprehensive framework to support institutional and retail investors.
Earlier this month, 21Shares rebranded its Ethereum Core ETP to reflect staking capabilities, renaming it as Ethereum Core Staking ETP. The company’s emphasis on staking rewards underscores its strategy to provide enhanced value to investors amid regulatory ambiguity.
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