21Shares has launched four exchange-traded products (ETPs), expanding its offerings in the crypto investment space. The newly released ETPs focus on oracles, tokenization, decentralized computing, and artificial intelligence, showcasing the firm’s commitment to providing exposure to cutting-edge blockchain innovations.
These 21Shares ETPs include the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP. They are each designed to track the performance of their respective tokens while offering regulated and transparent access to emerging blockchain applications.
A Brief Look At 21Shares’ Latest Crypto ETP Offerings
The 21Shares NEAR Protocol Staking ETP is 100% physically backed by NEAR, the native token of the NEAR Protocol. This product captures staking yields, reinvesting them into the ETP to enhance returns.
NEAR Protocol is a scalable smart-contract platform aimed at simplifying crypto infrastructure while integrating decentralized AI capabilities. By offering exposure to NEAR, investors can participate in one of the most advanced ecosystems pushing the boundaries of blockchain and AI convergence.
The 21Shares Ondo ETP, backed by ONDO, provides access to tokenized fixed-income securities via Ondo Finance. This ETP facilitates exposure to on-chain traditional markets while supporting decentralized finance (DeFi) adoption. It highlights the growing trend of combining blockchain technology with conventional financial instruments, unlocking new opportunities for investors.
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. pic.twitter.com/szwt5LN17W
— 21Shares (@21Shares) November 26, 2024
The 21Shares Pyth Network ETP focuses on PYTH, the token driving the Pyth Network. As a decentralized oracle network, Pyth delivers real-time, high-frequency market data to blockchains, addressing inefficiencies in data accessibility. By investing in this ETP, users gain exposure to a critical component of blockchain infrastructure aimed at enhancing reliability and accuracy in decentralized applications.
Lastly, the 21Shares Render ETP is backed by Render (RNDR), the token powering the Render Network. This decentralized GPU rendering network leverages distributed computing power for digital content creation, AI, and virtual reality (VR). The ETP provides access to a platform transforming computationally intensive processes through decentralized computing solutions.
Also Read: BlackRock Upsizes Its IBIT Bitcoin ETF Holding to $77M
