21Shares, an issuer of cryptocurrency exchange-traded products (ETPs), introduced four new ETPs to expand investor access to emerging digital assets. 

The new offerings will provide exposure to Pyth Network, Ondo Finance, Render Network, and NEAR Protocol. These products will be available to investors on major European exchanges, including those in Amsterdam, Paris, and beyond.

Each product will be backed by its respective token, ensuring a transparent connection between the investment vehicle and the underlying asset. The newly launched 21Shares NEAR Protocol Staking ETP, 21Shares Ondo ETP, 21Shares Render ETP, and 21Shares Pyth Network ETP are specifically designed to provide investors with a targeted and accessible way to invest in these innovative projects. 

Per reports, these ETPs come at a time when the demand for blockchain-related investment products is increasing across Europe.

Lets look at the respective ETPs:

NEAR Protocol Staking ETP

One of the standout offerings is the 21Shares NEAR Protocol Staking ETP, which incorporates staking rewards into the product structure. Investors will benefit from automatic reinvestment of staking rewards, which can enhance the overall return on investment.

The NEAR Protocol, a scalable proof-of-stake (PoS) blockchain, integrates decentralized AI capabilities, providing a foundation for a variety of decentralized applications (dApps). 

NEAR’s token, NEAR, is currently valued at $6.65, showing a remarkable 21.35% increase over the past week. 

Render ETP: A Gateway to Decentralized GPU Rendering

The 21Shares Render ETP allows investors to gain exposure to RENDER, the native token of the Render Network. Render provides a decentralized solution for high-performance graphics processing, addressing the scalability issues in sectors like AI, virtual reality (VR), and digital content creation.

RENDER has experienced significant growth, with a 11.82% increase over the past week. At a price of $8.22, Render's focus on decentralized GPU rendering positions it well to capture the increasing demand for AI and VR-powered applications.

Ondo ETP: Exposure to Tokenized Fixed-Income Securities

The 21Shares Ondo ETP offers exposure to ONDO, the token powering Ondo Finance, a platform specializing in tokenized fixed-income securities. This platform aims to bridge traditional finance with blockchain technology, offering tokenized versions of fixed-income assets.

ONDO has recently gained 7.55% in value over the past week, with the token now priced at $1.08. 

Pyth Network ETP: Real-Time Market Data for Blockchains

The 21Shares Pyth Network ETP tracks the performance of PYTH, the native token of the Pyth Network, a decentralized oracle that provides high-frequency, real-time market data to blockchains. This solution is critical for the development of decentralized finance (DeFi) applications, which require reliable and timely data feeds.

The PYTH token is currently valued at $0.477, reflecting a steady increase of 18% over the last week. 

Growing Demand for Crypto Investment Vehicles

This expansion follows 21Shares’ ongoing efforts to enhance the regulatory clarity around cryptocurrency products in Europe. Recently, 21Shares has called on European regulators to provide clear guidelines for digital asset products like ETPs, ETFs, and other crypto investment vehicles. 

The increasing regulatory focus on digital assets, such as the Markets in Crypto-Assets Regulation (MiCA), is expected to support the growth of crypto investment products in Europe.

The launch of these four ETPs by 21Shares is part of a broader trend in the crypto space, with other firms also expanding their digital asset offerings. Companies like WisdomTree, Bitwise, and Canary Capital are already seeking approval for new ETFs and ETPs in various jurisdictions, signaling that the demand for cryptocurrency investment products could increase.