Swiss wealth manager 21Shares has launched four new exchange-traded crypto products in Europe, expanding its investment options for digital assets.
The latest additions focus on AI and decentralized computing projects: Pyth Network, Ondo, Render, and NEAR Protocol.
A broader focus on AI-related cryptos
The asset manager is seeing growing demand from institutional investors for next-generation decentralized technologies. The four tokens represent the company’s expanded entry into four distinct sectors: price oracles, asset tokenization, decentralized computing, and AI.
According to the announcement, investors in the NEAR ETP will be able to reinvest staking rewards directly into the product. NEAR’s proof-of-stake blockchain model supports network security through token staking, generating yields for participants.
The new ETPs will be available for trading on exchanges in cities such as Amsterdam and Paris. The company has been steadily improving its crypto ETP offerings across Europe.
Earlier this week, 21Shares updated its Ethereum Core ETP to include staking capabilities. The product now operates under the name Ethereum Core Staking ETP and trades under the ticker ETHC.
The 21Shares 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, the company wrote in its press release.
This enhanced version offers investors the opportunity to earn staking rewards while maintaining exposure to Ethereum. It is listed on major European exchanges, including SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.
NEAR Protocol price performance throughout November. Source: BeInCrypto
Increased activity in the crypto ETP market
Additionally, the crypto ETP market is experiencing a surge in activity. Bitwise recently rebranded its XRP ETP to “Bitwise Physical XRP ETP (GXRP)” following the strategic investment from Ripple (XRP). This product offers secure, physically-backed exposure to XRP for European investors.
Additionally, Bitwise has launched its Aptos Staking ETP on the SIX Swiss Exchange, offering regulated access to Aptos staking in Europe.
Meanwhile, WisdomTree has launched an XRP-backed ETP in Germany, Switzerland, France, and the Netherlands. The product aims to attract investors with low-cost exposure to the spot price of XRP.
WisdomTree also filed for an XRP ETF in the US earlier this week. Trump’s re-election and the resignation of SEC Chairman Gary Gensler have renewed optimism about Ripple’s cryptocurrency.
The article 21Shares Launches New AI-Focused Crypto ETPs appeared first on BeInCrypto.
