21Shares To Expand Crypto Offering With PYTH, ONDO, RNDR & NEAR ETPs

21Shares has launched four new Exchange Traded Products (ETPs) based on emerging blockchain technologies. The new products are the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP. Every product is aimed at giving the investors a single point and easy access to various blockchain solutions with legal compliance.

21Shares Rolls Out Four Blockchain ETPs Backed by NEAR, ONDO, PYTH, and RNDR

21Shares has recently launched four new ETPs that are to be based on the emerging blockchain technologies. The NEAR Protocol Staking ETP that is backed by NEAR brings back the staking rewards to yield better returns to the investors. The protocol is a scalable smart contract platform that has deployed decentralized AI to optimize infrastructure and improve the efficiency of the blockchain.

Ondo ETP, supported by ONDO provides exposure to tokenized fixed-income securities. This is done with blockchain to integrate traditional markets with decentralized finance (DeFi). The ETP helps investors to engage with on-chain traditional financial products while encouraging DeFi within the scope of legal 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, the Switzerland-based asset manager has applied to the US Securities and Exchange Commission (SEC) for permission to launch an XRP ETF, increasing its selection of crypto products. The new fund, “21Shares Core XRP Trust” will replicate the price movements of XRP. 

The launch of XRP ETF only strengthens 21Shares’ already established position in the digital asset market with the Ripple XRP ETP in Switzerland. These developments are in line with the company’s goal of offering multiple investment opportunities.