21Shares has introduced four new exchange-traded products (ETPs) focused on emerging blockchain technologies. The new offerings include the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP. Each product is designed to provide investors with regulated and transparent access to specific blockchain applications.
21Shares Rolls Out Four Blockchain ETPs Backed by NEAR, ONDO, PYTH, and RNDR
According to a recent announcement, 21Shares has launched four ETPs targeting innovative blockchain ecosystems. The NEAR Protocol Staking ETP, backed by NEAR, reinvests staking yields to maximize returns for investors. NEAR Protocol is known for its scalable smart contract platform, integrating decentralized AI capabilities to streamline infrastructure and enhance blockchain performance.
The Ondo ETP, supported by ONDO, offers exposure to tokenized fixed-income securities. This leverages blockchain technology to bridge traditional markets with decentralized finance (DeFi). The ETP provides investors access to on-chain traditional financial instruments, advancing DeFi adoption within regulated frameworks.
Pyth Network ETP Enhances Blockchain Data Reliability
Additionally, 21Shares’ Pyth Network ETP focuses on the PYTH token, central to the Pyth Network’s decentralized oracle system. The network provides high-frequency, real-time market data to blockchains, addressing inefficiencies in data reliability and accessibility. By investing in the Pyth Network ETP, investors support the seamless integration of reliable data into decentralized applications.
This ETP highlights the increasing demand for secure and accurate data solutions in blockchain ecosystems. Decentralized applications are relying more on efficient oracle systems like Pyth to ensure reliability.
More so, the Render ETP, backed by RNDR, supports the Render Network’s decentralized GPU rendering capabilities. This platform enables efficient digital content creation, artificial intelligence (AI) processes, and virtual reality (VR) development through distributed computing. By offering this ETP, 21Shares provides investors access to a platform that transforms computationally intensive operations into decentralized solutions.
Meanwhile, 21Shares recently filed with the US Securities and Exchange Commission (SEC) to offer an XRP ETF, further expanding its crypto-focused offerings. The proposed fund, named the “21Shares Core XRP Trust,” will track the performance of XRP. This move follows prior clarity in the legal status of XRP, strengthening its appeal as a non-security.
The addition of the XRP ETF complements 21Shares’ established presence in the crypto space, including its Ripple XRP ETP in Switzerland. These initiatives align with the firm’s commitment to providing innovative and diverse investment options.
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