Crypto product company 21Shares is launching new exchange-traded products (ETPs) around four prominent digital assets.
In a new thread on social media platform X, the world’s largest ETP provider say it is launching ETPs for oracle provider Pyth (PYTH), decentralized graph processing protocol Render (RENDER), real-world assets-focused Ondo Finance (ONDO), and layer-one blockchain Near Protocol (NEAR).
“Big news: four groundbreaking ETPs have just been released! We are introducing our latest products focused on oracles, tokenization, decentralized computing and artificial intelligence.”
In its product descriptions, 21Shares notes that each ETP is 100% “physically” backed by its associated token.
The news about the ETPs caused all four altcoins to turn green. RENDER and ONDO are trading at $7.73 and $1.05 at the time of writing, while PYTH and NEAR are valued at $0.446 and $6.68, respectively.
Earlier this week, Wisdom Tree – another asset manager and exchange-traded fund (ETF) issuer – announced that it would file in the state of Delaware to create an ETF around XRP, the digital asset tied to the payment platform from Ripple Labs.
In early November, 21Shares also filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for an XRP ETF. The proposed product would be called the “21Shares Core XRP Trust,” although no launch date was mentioned.
XRP is trading at $1.47 at the time of writing, up 6.52% over the past 24 hours.
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