21Shares has launched four blockchain-focused ETPs, NEAR Protocol Staking, Ondo, Pyth, Render, offering regulated access to blockchain applications.
21Shares, a US-based company, has developed four new exchange-traded products (ETPs) focused on blockchain development. NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP are some of the new solutions that customers can take advantage of.
21Shares Rolls Out Four Blockchain ETPs Backed by NEAR, ONDO, PYTH, and RNDR
Each product aims to provide investors with regulated and transparent access to specific blockchain applications. According to a recent statement, 21Shares has developed four exchange-traded funds (ETFs) targeted at innovative blockchain ecosystems.
NEAR does this to maximize profits for investors. One of the most notable features of NEAR Protocol is its scalable smart contract platform, which incorporates decentralized artificial intelligence capabilities to optimize infrastructure and improve blockchain efficiency.
ONDO supports the Ondo Exchange Traded Fund (ETF), which provides access to tokenized fixed-income assets. Through the utilization of blockchain technology, this creates a bridge between regular markets and decentralized finance (DeFi).
Pyth Network ETP Enhances Blockchain Data Reliability
Investors can access traditional financial instruments stored on the blockchain through the ETP, thereby promoting the adoption of decentralized finance within regulated frameworks. Furthermore, 21Shares’ Pyth Network ETP places an emphasis on the PYTH token, which is the core component of the decentralized oracle system that the Pyth Network utilizes.
The network provides high-frequency, real-time market data to blockchains, addressing inefficiencies in data dependability and accessibility. By making investments in the Pyth Network ETP, investors are demonstrating their support for the seamless integration of trustworthy data into decentralized technologies.
In blockchain ecosystems, there is a growing demand for data solutions that are both secure and accurate, and our ETP brings this desire to light. Decentralized applications increasingly rely on Pyth, an efficient oracle system, to ensure their stability.
Moreover, RNDR supports the decentralized GPU rendering capabilities of the Render Network through the Render ETP. The utilization of distributed computing makes it possible for this platform to facilitate the creation of digital material, the development of artificial intelligence (AI) processes, and the creation of virtual reality products.
Through the provision of this ETP, 21Shares gives investors access to a platform that enables the transformation of computationally heavy activities into decentralized solutions.
Meanwhile, 21Shares has recently filed with the United States Securities and Exchange Commission (SEC) to offer an XRP-focused exchange-traded fund (ETF), enhancing its cryptocurrency services. The proposed fund, known as the “21Shares Core XRP Trust,” will monitor the performance of XRP.
This action comes after previous clarifications regarding the legal status of XRP, which strengthens its appeal as a non-security asset.
The addition of the XRP ETF complements 21Shares’ well-established presence in the cryptocurrency field, which includes the Ripple XRP ETP it offers in Switzerland. These activities are in line with the company’s aim to offer alternative investment opportunities that are both innovative and diversified.
