Company Managing $2 Billion Announces Launch of Spot ETF in Europe for Four Altcoins

Investment firm 21Shares has announced the launch of four new exchange-traded products (ETPs) on European exchanges, including those in Amsterdam and Paris: PYTH, ONDO, RNDR and NEAR.

Here are the details of the products in question, according to the official website of 21Shares:

NEAR Protocol ETP is a staking product that allows investors to earn staking income that is reinvested into the ETP to improve their overall performance. This product provides exposure to NEAR, a scalable smart contract platform that simplifies cryptocurrency infrastructure while integrating decentralized AI capabilities.

Render ETP is powered by RNDR, the native token of Render Network, which powers a decentralized GPU rendering platform that leverages distributed computing technologies to revolutionize digital content creation and address scalability challenges in AI, VR, and other computationally demanding fields.

Ondo ETP provides exposure to the token ONDO, which supports Ondo Finance as a platform focused on tokenized fixed income securities.

The PYTH ETP tracks the performance of PYTH, the token that powers the Pyth Network. This decentralized oracle network addresses inefficiencies in blockchain data access by delivering high-frequency, real-time market data to blockchains.

*This is not investment advice.