The cryptocurrency product company 21Shares has just launched a new series of exchange-traded products (ETPs) focused on four leading digital assets.
In a series of new posts on the social media platform X, the world's largest ETP provider announced the launch of ETPs for ONDO, PYTH, RENDER, and NEAR.
“Big News: Four groundbreaking ETPs have just been released! We are proud to introduce the latest products focused on oracles, tokenization, decentralized computing, and artificial intelligence.”
According to the product description from 21Shares, each ETP is 100% backed by “physical” with the related tokens.
ONDO is the digital asset of Ondo Finance, focusing on connecting real-world assets with decentralized finance (DeFi). PYTH is the token of Pyth Network, an oracle provider that delivers high-quality market data for blockchain applications. RENDER belongs to Render Network, a decentralized graphics processing protocol that allows artists and developers to share graphics computing power. NEAR is the token of Near Protocol, a layer 1 blockchain designed for ease of use and high scalability, supporting decentralized applications (dApps).
Earlier this week, Wisdom Tree – another asset manager and exchange-traded fund (ETF) issuer – announced filing in the state of Delaware to create an XRP ETF, a digital asset related to the payment platform of Ripple Labs.
At the beginning of November, 21Shares also filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for an XRP ETF. The product is expected to be called “21Shares Core XRP Trust”, although no specific launch date has been provided.
Source: https://tapchibitcoin.io/21shares-ra-mat-etp-ondo-pyth-render-va-near.html
