21Shares Is Launching Four New Crypto ETPs Focusing on AI Tokens

by

As a seasoned researcher who has closely followed the crypto market for years now, I must say that the recent developments in the European crypto ETP market are nothing short of exhilarating. The focus on AI-related cryptocurrencies by 21Shares is particularly intriguing, as it signifies a growing recognition of the potential these technologies hold.

21Shares, a Swiss wealth management firm, recently expanded its digital asset investment offerings in Europe by launching four fresh crypto exchange-traded products, thereby diversifying their selection.

The newest developments center around the technologies of AI and decentralized computing, specifically Pyth Network, Ondo, Render, and NEAR Protocol.

A Broader Focus on AI-Related Cryptocurrencies

The asset management company is experiencing a growing interest from institutional investors in cutting-edge decentralized technologies. These four tokens mark the company’s expansion into four separate industries: price prediction systems, digital asset securitization, decentralized computation, and artificial intelligence.

As per the announcement, investors in the NEAR Exchange-Traded Product (ETP) can automatically invest their staking rewards back into the product itself. The NEAR blockchain operates on a proof-of-stake system, where it ensures network security by allowing users to stake their tokens and earn returns.

The newly introduced ETPs can now be traded on exchanges situated in urban centers such as Amsterdam and Paris. The company has consistently enhanced its selection of cryptocurrency ETPs across European markets.

This past week, 21Shares enhanced their Ethereum Core Exchange-Traded Product (ETP) by incorporating staking features. Now known as the Ethereum Core Staking ETP, it operates using the symbol ETHC on stock exchanges.

21Shares’ NEAR Protocol Staking ETP provides investors with a secure and clear path to invest in one of the most adaptable smart-contract systems, which aims to streamline the intricacies of cryptocurrency infrastructure while pioneering advanced decentralized AI applications, as stated in their press release.

This improved edition gives investors a chance to gain staking profits alongside continued investment in Ethereum. It is tradeable on significant European stock markets such as the SIX Swiss Exchange, Deutsche Borse Xetra, and Euronext Amsterdam.

Increasing Activity in the Crypto ETP Market

21Share: The market for crypto Exchange-Traded Products (ETPs) is witnessing a significant increase in activity. Bitwise has recently rebranded its XRP ETP to “Bitwise Physically Backed XRP ETP (GXRP)” after Ripple‘s strategic investment. This product offers secure exposure to XRP for investors based in Europe.

Additionally, Bitwise unveiled their Aptos Staking Exchange-Traded Product (ETP) on the SIX Swiss Exchange. This move provides a regulated avenue for European investors to participate in Aptos staking.

Simultaneously, WisdomTree has launched an Exchange Traded Product (ETP) backed by Ripple (XRP) in Germany, Switzerland, France, and the Netherlands. The goal of this financial instrument is to appeal to investors seeking cost-effective access to the current market value of XRP.

Earlier this week, WisdomTree likewise submitted an application for an Exchange Traded Fund (ETF) based on XRP in the United States. The possibility of Donald Trump’s re-election and the departure of SEC chairman Gary Gensler has sparked renewed hope regarding Ripple’s digital currency.

Read More

2024-11-27 23:23