21Shares makes a big move! Four new cryptocurrency ETPs make a stunning debut, how should investors position themselves?
21Shares has finally pressed the acceleration button in the crypto market! On November 27, this Swiss wealth management company announced the launch of four new cryptocurrency exchange-traded products (ETPs), expanding its market presence in Europe. The new offerings include popular crypto projects such as the Pyth Network, Render (RNDR), and the NEAR Protocol, covering several innovative fields from price oracles to decentralized computing, and artificial intelligence.
The most eye-catching aspect is undoubtedly the staking reward mechanism of the NEAR protocol. Investors can not only acquire NEAR appreciation by purchasing ETPs but also reinvest the staking rewards back into ETPs, allowing their returns to compound. Combined with NEAR's proof-of-stake (PoS) model, this undoubtedly provides additional opportunities for investors, especially those who are optimistic about network growth in the medium to long term.
As European regulations gradually become clearer, this move by 21Shares is clearly a strong supplement against the backdrop of increasing market demand. Previously, the absence of EU regulations on cryptocurrency ETFs and ETPs had troubled the market, while 21Shares is filling this gap through innovative features like increased staking rewards.
This wave of actions by 21Shares is clearly aimed at welcoming a more mature European market, especially in the realm of digital asset products, and reflects its strong confidence in the future development of crypto finance. In the future, will these ETPs lead the market to new heights?
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