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21Shares recently launched four new crypto exchange-traded products (ETPs) in Europe, investing in notable technologies such as Pyth Network, Ondo, Render, and NEAR Protocol.
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The NEAR ETP is unique as it incorporates staking rewards reinvested to enhance investor returns and product performance.
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Trading will occur across major European markets, including Amsterdam and Paris, marking an expansion in the utility of crypto ETPs.
21Shares enhances digital asset options in Europe by launching four innovative ETPs focused on Pyth Network, Ondo, Render, and NEAR Protocol.
Expanding Options in the Crypto Investment Landscape
21Shares is strategically responding to the growing demand from institutional investors for advanced decentralized technologies. The latest crypto ETPs reflect a diverse approach, focusing on sectors such as price oracles, asset tokenization, decentralized computing, and artificial intelligence. This initiative demonstrates the firm’s commitment to enhancing accessibility to innovative investment avenues.
Noteworthy is the **NEAR ETP**, which not only provides exposure to its underlying asset but also allows investors to reinvest their staking rewards, thereby amplifying returns. The NEAR Protocol employs a robust proof-of-stake model, enabling participants to earn yields through staking, which bolsters the overall security and functionality of its blockchain.
Trading Growth and Global Reach of ETPs
These newly launched ETPs are set to trade on prominent exchanges across various European cities, including Amsterdam and Paris. Additionally, 21Shares is continuously refining its product offerings in response to market demands.
This week, the firm rebranded its Ethereum Core ETP as the Ethereum Core Staking ETP (ETHC), incorporating staking facilities which enhance investor engagement by providing yield opportunities, further exemplifying 21Shares’ dedication to evolving the ETP market.
In a recent press release, 21Shares stated, “The NEAR Protocol Staking ETP offers investors a regulated and transparent way to gain exposure to one of the most scalable smart-contract platforms, designed to simplify the complexity of crypto infrastructure while pushing the boundaries of decentralized AI integration.”
NEAR Protocol Price Performance throughout November. Source: COINOTAG
Rise in the Crypto ETP Market Dynamics
The crypto ETP landscape is witnessing notable growth as various firms launch innovative products. For instance, Bitwise has rebranded its XRP ETP to the Bitwise Physical XRP ETP (GXRP), providing a secure investment vehicle that is physically backed. This change comes in light of Ripple’s recent strategic investment, enhancing its appeal to European investors.
Moreover, Bitwise has introduced the Aptos Staking ETP on the SIX Swiss Exchange, offering another compliant pathway for investors interested in accessing Aptos staking. Likewise, WisdomTree’s recent offerings include an XRP-backed ETP across Germany, Switzerland, France, and the Netherlands, aimed at providing low-cost access to XRP.
In a related move, WisdomTree has also filed for an XRP ETF in the United States, fueled by renewed optimism about Ripple’s prospects following political shifts, including the re-election campaign of former President Trump and changes within the SEC.
Conclusion
The recent launch of ETPs by 21Shares marks a significant progression within the crypto investment landscape, catering to a growing institutional appetite for decentralized technologies. With new products like the NEAR ETP not only boosting exposure but also optimizing investor returns through staking, the evolving ETP market is set to engage a wider audience and potentially reshape digital asset investment strategies in Europe.
