TL;DR
- 21Shares has upgraded its Ethereum ETP to include staking functionality, renaming it the Ethereum Core Staking ETP, now listed on major European exchanges.
- The Ethereum Core Staking ETP offers an average staking yield of 3.17%, allowing investors to earn rewards by locking their Ethereum to support the network’s security and operations.
- With a competitive management fee of 0.21%, the Ethereum Core Staking ETP is designed to attract a wide range of investors, enhancing their investment experience.
21Shares has announced a significant upgrade to its Ethereum ETP, introducing staking functionality and renaming it the Ethereum Core Staking ETP. This newly restructured product is now listed on major European exchanges, including the SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.
The addition of staking aims to enhance the investment experience for European investors by offering them the opportunity to earn passive income through Ethereum staking.
Enhanced Staking Opportunities
The Ethereum Core Staking ETP allows investors to participate in Ethereum’s staking ecosystem, providing an average staking yield of 3.17%. This feature enables investors to earn rewards by locking their Ethereum to support the network’s security and operations.
By integrating staking into its ETP, 21Shares offers a regulated and accessible avenue for both institutional and retail investors to benefit from Ethereum’s transition to a proof-of-stake consensus mechanism.
Cost-Efficient Investment
One of the key advantages of the Ethereum Core Staking ETP is its cost efficiency. The product features a competitive management fee of 0.21%, making it one of the lowest in the market.
This cost-effective structure is designed to attract a wider range of investors who are exploring staking opportunities. Hany Rashwan, CEO of 21Shares, emphasized the importance of this development, stating:
“The addition of staking to ETHC is the firm’s latest move to provide the European market with the most cutting-edge digital assets products.”
Market Impact and Future Prospects
The introduction of staking to the Ethereum Core ETP is expected to have a significant impact on the market. By offering a hybrid investment product that combines traditional finance with the benefits of decentralized technologies, 21Shares is responding to the growing demand for innovative investment solutions.
The Ethereum Core Staking ETP is particularly appealing to those seeking stable returns in an otherwise volatile crypto market. As European regulators continue to permit staking-based products, 21Shares is well-positioned to capitalize on this trend.
The firm’s commitment to innovation and its expanding presence in Europe, with a total of 43 ETPs managing $3.3 billion in assets, underscores its leadership in the digital asset space.
