21Shares, a major player in the crypto ETP (exchange-traded product) market, has launched four new ETPs. These track four different cryptocurrencies: Pyth (PYTH), Render (RENDER), Ondo Finance (ONDO), and Near Protocol (NEAR).
New ETPs Cover Diverse Crypto Projects
The company announced the news on X (formerly Twitter), highlighting the diverse nature of the underlying assets. The new ETPs cover oracles (Pyth), decentralized computing (Render), tokenization (Ondo), and artificial intelligence (Near). 21Shares emphasizes that each ETP is fully backed by the respective cryptocurrency.
Price Action Following the Announcement
Following the announcement, all four cryptocurrencies saw price increases. At the time of writing, RENDER was trading at $7.73, ONDO at $1.05, PYTH at $0.446, and NEAR at $6.68.
More Crypto ETF News
This news follows a similar announcement from WisdomTree, which is planning an XRP ETF. 21Shares itself recently filed with the SEC for its own XRP ETF. XRP was trading at $1.47, up 6.52% in the last 24 hours.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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