Crypto product agency 21Shares is launching new exchange-traded merchandise (ETPs) centered round 4 distinguished digital belongings.
In a brand new thread on the social media platform X, the world’s largest ETP supplier says it’s launching ETPs for oracle supplier Pyth (PYTH), decentralized graphics processing protocol Render (RENDER), real-world assets-focused Ondo Finance (ONDO), and layer-one blockchain Close to Protocol (NEAR).
“Large information: 4 game-changing ETPs simply launched! Introducing our latest merchandise targeted on oracles, tokenization, decentralized computing, and synthetic intelligence.”
In its product descriptions, 21Shares notes that every ETP is 100% “bodily” backed up by its related token.
Information of the ETPs noticed all 4 of the altcoins surge into the inexperienced. RENDER and ONDO are buying and selling for $7.73 and $1.05 at time of writing whereas PYTH and NEAR are valued at $0.446 and $6.68, respectively.
Earlier this week, Knowledge Tree – one other asset supervisor and exchange-traded fund (ETF) issuer – introduced that it could be submitting within the state of Delaware to create an ETF centered round XRP, the digital asset related to Ripple Labs’ funds platform.
In early November, 21Shares additionally submitted a registration assertion to the U.S. Securities and Change Fee (SEC) for an XRP ETF. The proposed product can be known as the “21Shares Core XRP Belief,” although no launch date was talked about.
XRP is buying and selling for $1.47 at time of writing, a 6.52% improve over the past 24 hours.
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