21Shares Introduces Staking for Ethereum Core ETP Product

21Shares Innovates with Staking for Ethereum Core ETP

21Shares AG, a leading name in the world of crypto exchange-traded products (ETPs), is making waves in the digital asset space. The firm has recently announced the addition of staking to its Ethereum Core ETP (ETHC), alongside a new name for this exciting product.

Launching the 21Shares Ethereum Core Staking ETP

The product, now known as 21Shares Ethereum Core Staking ETP, showcases the company’s commitment to enhancing investment avenues for crypto enthusiasts. Staking, as many know, involves locking specific crypto-assets to bolster the operations and security of blockchain networks. Investors can earn rewards while keeping their assets at their disposal, which can lead to an exciting potential for enhanced returns.

New Branding and Features

With this update, the Ethereum Core ETP will carry the ticker ETHC, alongside an ISIN of CH1209763130. This change is part of 21Shares' strategy to offer cutting-edge products to the European market. By incorporating staking, the firm aims to offset management fees while providing investors with another potential revenue stream.

Understanding the Staking Benefits

For those unfamiliar with staking, it allows investors to earn yields by participating in the network’s operations. According to recent industry insights, Ethereum's average staking yield stands at 2.24%. This new initiative by 21Shares provides a unique opportunity for investors looking to boost their income from the crypto market.

CEO Insights on the Strategy

Hany Rashwan, Co-Founder and CEO of 21Shares, has expressed enthusiasm about this move. "21Shares is continuing to do what it's done since inception – pioneer digital assets innovation for European investors,” he stated. This commitment is evident in the enhancements made to ETHC, which aims to attract even more investors to this innovative product.

Market Operations and Availability

The ETHC, now officially backed by the staking rewards, is listed on major exchanges like SIX Swiss Exchange, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris, and the London Stock Exchange. Investors in ETHC can rest assured knowing that their holdings are 100% backed by Ether (ETH), the second-largest cryptocurrency by market capitalization. The product's management fees are impressively low at 0.21%, underlining its cost-efficiency.

Contact and Company Information

For those interested in learning more about the 21Shares Ethereum Core Staking ETP, details such as the factsheet and further information can be found by reaching out to the company directly. Investors can contact Audrey Belloff, who heads global communications at 21Shares, via email.

Frequently Asked Questions

What is the 21Shares Ethereum Core Staking ETP?

The 21Shares Ethereum Core Staking ETP is a crypto exchange-traded product that allows investors to participate in staking, earning rewards while maintaining liquidity.

How does staking work?

Staking involves locking crypto-assets to support network operations, allowing investors to earn yields based on the value of their staked assets.

What changes came with the new product name?

The product is rebranded from the 21Shares Ethereum Core ETP to the 21Shares Ethereum Core Staking ETP, reflecting its new features.

Where can I trade the ETHC ETP?

ETHC is available for trading on prominent exchanges, including SIX Swiss Exchange and Deutsche Börse Xetra.

What are the management fees for ETHC?

The management fees for the 21Shares Ethereum Core Staking ETP are notably low at 0.21%, making it a competitive option in the market.

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