Crypto product company 21Shares is launching new exchange-traded products (ETPs) centered on four major digital assets.
In a new thread on social media platform ).
“Big news: Four game-changing ETPs just launched! Introducing our latest products focused on oracles, tokenization, distributed computing, and artificial intelligence.”
21Shares states in its product description that each ETP is 100% “physically” backed by its associated token.
According to the ETP news, all four altcoins surged into the green. RENDER and ONDO are trading at $7.73 and $1.05 at the time of this writing, while PYTH and NEAR are worth $0.446 and $6.68, respectively.
Earlier this week, Wisdom Tree, another asset manager and exchange-traded fund (ETF) issuer, announced that it would apply to the state of Delaware to create an ETF centered on XRP, a digital asset associated with Ripple Labs’ payments platform.
In early November, 21Shares filed a registration statement for its XRP ETF with the U.S. Securities and Exchange Commission (SEC). The proposed product will be called “21Shares Core XRP Trust”, but no launch date was mentioned.
XRP is trading at $1.47 at the time of writing and is up 6.52% in the last 24 hours.
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