21Shares has launched 4 new exchange-traded merchandise (ETPs) centered on rising blockchain applied sciences. The new choices embody the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP. Each product is designed to supply traders with regulated and clear entry to particular blockchain purposes.
21Shares Rolls Out Four Blockchain ETPs Backed by NEAR, ONDO, PYTH, and RNDR
According to a current announcement, 21Shares has launched 4 ETPs focusing on progressive blockchain ecosystems. The NEAR Protocol Staking ETP, backed by NEAR, reinvests staking yields to maximise returns for traders. NEAR Protocol is thought for its scalable good contract platform, integrating decentralized AI capabilities to streamline infrastructure and improve blockchain efficiency.
The Ondo ETP, supported by ONDO, provides publicity to tokenized fixed-income securities. This leverages blockchain know-how to bridge conventional markets with decentralized finance (DeFi). The ETP gives traders entry to on-chain conventional monetary devices, advancing DeFi adoption inside 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 community gives high-frequency, real-time market knowledge to blockchains, addressing inefficiencies in knowledge reliability and accessibility. By investing within the Pyth Network ETP, traders assist the seamless integration of dependable knowledge into decentralized purposes.
This ETP highlights the growing demand for safe and correct knowledge options in blockchain ecosystems. Decentralized purposes are relying extra on environment friendly oracle techniques like Pyth to make sure reliability.
More so, the Render ETP, backed by RNDR, helps the Render Network’s decentralized GPU rendering capabilities. This platform permits environment friendly digital content material creation, synthetic intelligence (AI) processes, and digital actuality (VR) growth via distributed computing. By providing this ETP, 21Shares gives traders entry to a platform that transforms computationally intensive operations into decentralized options.
Meanwhile, 21Shares recently filed with the US Securities and Exchange Commission (SEC) to supply an XRP ETF, additional increasing its crypto-focused choices. The proposed fund, named the “21Shares Core XRP Trust,” will observe the efficiency of XRP. This transfer follows prior readability within the authorized standing of XRP, strengthening its attraction as a non-security.
The addition of the XRP ETF enhances 21Shares’ established presence within the crypto area, together with its Ripple XRP ETP in Switzerland. These initiatives align with the agency’s dedication to offering progressive and various funding choices.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to numerous media retailers on cryptocurrency traits and applied sciences. With over 4000 printed articles throughout numerous media retailers, he goals to tell, educate and introduce extra individuals to the Blockchain and DeFi world. Outside of his journalism profession, Ronny enjoys the fun of motorbike driving, exploring new trails and landscapes.
Disclaimer: The offered content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
