tl;dr
Swiss wealth manager 21Shares has launched four new crypto exchange-traded products in Europe, focusing on AI and decentralized computing projects. The firm is responding to increased demand from institutional investors for next-gen decentralized technologies. The new ETPs cover distinct sectors suc...
Swiss wealth manager 21Shares has introduced four new crypto exchange-traded products in Europe, broadening its range of digital asset investment options. These products focus on AI and decentralized computing projects Pyth Network, Ondo, Render, and NEAR Protocol.
The asset manager is responding to increased demand from institutional investors for next-gen decentralized technologies. The four tokens represent the firm’s extended entry into distinct sectors: price oracles, asset tokenization, decentralized computing, and AI.
Investors in the NEAR ETP will have the option to reinvest staking rewards directly into the product. NEAR’s proof-of-stake blockchain model supports network security through token staking, generating yields for participants.
The new ETPs will be available for trading on exchanges in cities like Amsterdam and Paris, with 21Shares constantly improving its crypto ETP offerings throughout Europe. The firm has also upgraded its Ethereum Core ETP to include staking capabilities, trading under the ticker ETHC.
The crypto ETP market is experiencing a surge in activity, with Bitwise and WisdomTree launching new products and rebranding existing ones. Bitwise rebranded its XRP ETP to "Bitwise Physical XRP ETP (GXRP)" and launched its Aptos Staking ETP, while WisdomTree introduced an XRP-backed ETP across Europe and filed for an XRP ETF in the US.