<img src="https://crypto.news/app/uploads/2023/07/crypto-news-ethereum-Core-Developers-blockchain-and-artificial-intelligence-blue-and-white-colors-blurry-backgrou.jpg” />
21Shares has added staking rewards to its ethereum Core ETP, renaming the product to ethereum Core Stake ETP.
Swiss-based crypto exchange-traded products company 21Shares AG added staking to its ethereum Core ETP and rebranded the product as 21Shares ethereum Core Stake ETP.
in a <a target="_blank" href="https://www.globenewswire.com/news-release/2024/11/19/2983296/0/en/21Shares-Adds-Staking-to-the-21Shares-ethereum-Core-ETP-ETHC.html” target=”_blank” rel=”nofollow”>Press release On November 19, the ETP issuer said that the latest update allows investors to benefit from a potential income stream while maintaining exposure to ethereum (eth).
Hany Rashwan, co-founder and CEO of 21Shares, said the addition of the ETHC stake is the company's latest move to “provide the European market with the most advanced digital asset products.” The ethereum Core Stake ETP, available under the symbol ETHC, is listed on several exchanges including SIX Swiss Exchange, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris, and the London Stock Exchange.
The product is physically backed by ethereum and tracks the performance of eth, with management fees as low as 0.21%.
Unlike US-issued exchange-traded funds, European ETFs like ETHC can offer staking rewards. In contrast, the SEC has rejected ethereum ETFs that offer staking rewards due to concerns about market manipulation, lack of regulatory oversight of staking activities, and potential risks to retail investors, particularly in the volatile market. of cryptocurrencies.
At press time, the average ethereum staking yield is 3.17%, according to data from Sating Rewards.
