The Swiss financial management launched four cryptocurrency-backed exchange-traded products on Nov. 27: Pyth Network, Ondo, Render, and Near Protocol. Price oracle, asset tokenization, decentralized computing, and AI were 1Shares' newest features.

21Shares will let investors reinvest NEAR staking rewards in the ETP. Near's proof-of-stake blockchain lets purchasers lock tokens to safeguard the network. Participants profit from staking.

21Shares indicated that reinvesting awards might boost NEAR ETP performance and client gains. Amsterdam and Paris markets will trade all four ETFs.

After seeking regulatory clarification, Zug-based 21Shares revealed crypto ETP fleet additions weeks later. The fund manager requested European regulators to offer retail and institutional digital asset product investors with clear standards in October.

Despite the Markets in Crypto-Assets Regulation governing stablecoin operators and exchanges, Europe lacks ETF and ETP regulations.

21Shares believed the European Securities and Markets Authority could provide a comprehensive framework for all EU members.

Meanwhile, the fund issuer used liberal crypto staking rules. Rebranded its Ethereum Core ETP with staking payouts in November. The product became Ethereum Core Staking ETP because of the update.

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