Crypto product firm 21Shares is launching new exchange-traded products (ETPs) centered around four prominent digital assets.
In a new thread on the social media platform X, the world’s largest ETP provider says it is launching ETPs for oracle provider Pyth (PYTH), decentralized graphics processing protocol Render (RENDER), real-world assets-focused Ondo Finance (ONDO), and layer-one blockchain Near Protocol (NEAR).
“Big news: Four game-changing ETPs just released! Introducing our newest products focused on oracles, tokenization, decentralized computing, and artificial intelligence.”
In its product descriptions, 21Shares notes that each ETP is 100% “physically” backed up by its associated token.
News of the ETPs saw all four of the altcoins surge into the green. RENDER and ONDO are trading for $7.73 and $1.05 at 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 be filing in the state of Delaware to create an ETF centered around XRP, the digital asset associated with Ripple Labs’ payments platform.
In early November, 21Shares also submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for an XRP ETF. The proposed product would be called the “21Shares Core XRP Trust,” though no launch date was mentioned.
XRP is trading for $1.47 at time of writing, a 6.52% increase during the last 24 hours.
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