21Shares adds new ETPs to boost crypto offerings in Europe

21Shares, a Swiss wealth manager, has expanded its European offerings by adding four new exchange-traded products (ETPs) focused on various digital assets. Announced on 27 November, the new products are backed by Pyth Network, Ondo, Render, and the Near Protocol, representing sectors such as price oracles, asset tokenisation, decentralized computing, and artificial intelligence. These additions are part of a broader push by 21Shares to meet growing demand for crypto investment options in Europe.

The new ETPs, available for trading in cities such as Amsterdam and Paris, offer more flexibility, including the ability for investors to reinvest staking rewards from the Near Protocol ETP. By participating in Near’s proof-of-stake blockchain, investors can earn yield, potentially improving the performance of the ETP and driving greater returns.

This move follows 21Shares’ call for clearer regulatory guidelines for digital asset products in Europe. The company has been vocal about the need for comprehensive regulation, especially concerning crypto exchange-traded funds (ETFs) and ETPs. Despite progress with stablecoin and exchange regulations, 21Shares believes the European Securities and Markets Authority could play a key role in bridging these regulatory gaps.

The introduction of these new ETPs also builds on 21Shares’ earlier rebranding of its Ethereum Core ETP, which now includes staking rewards, reinforcing the company’s focus on enhancing returns for investors in the evolving crypto market.