21Shares added four ETPs to its Europe offerings as crypto fund issuers flooded the region with more digital asset investment products.

On Nov. 27, the Swiss wealth manager introduced new exchange-traded products underpinned by four cryptocurrencies, including Pyth Network (PYTH), Ondo (ONDO), Render (RNDR), and the Near Protocol (NEAR). 21Shares said that its latest additions covered price oracle, asset tokenization, decentralized computing, and artificial intelligence, respectively.

Also, 21Shares will allow investors to reinvest staking rewards from NEAR into the ETP. Near’s proof-of-stake blockchain model enables buyers to secure the network by locking tokens. The practice is called staking and earns yield for participants.

21Shares noted that reinvesting rewards could improve its NEAR ETP performance and deliver bigger customer gains. All four ETFs will be tradable on exchanges across Amsterdam and Paris, to name a few cities.

21Shares pushes European expansion

Additions to the 21Shares crypto ETP fleet were announced weeks after the Zug-based issuer sought regulatory clarity. In October, the fund manager Go to Source to See Full Article
Author: Naga Avan-Nomayo