21Shares AG, a Switzerland-based crypto exchange-traded product (ETP) firm, has announced an exciting update to its Ethereum Core ETP. The product, now rebranded as the 21Shares Ethereum Core Staking ETP, introduces staking rewards, offering investors a new income stream while retaining exposure to Ethereum (ETH).
A Cutting-Edge Upgrade for Ethereum Investors
In a press release dated Nov. 19, 21Shares emphasized that this update reflects its commitment to delivering innovative digital asset solutions. Hany Rashwan, co-founder and CEO of 21Shares, stated:
“The addition of staking to ETHC demonstrates our dedication to providing the European market with the most cutting-edge digital assets products.”
The Ethereum Core Staking ETP trades under the ticker ETHC and is listed on prominent exchanges, including:
- SIX Swiss Exchange
- Deutsche Börse Xetra
- Euronext Amsterdam and Paris
- London Stock Exchange
Key Features of Ethereum Core Staking ETP
- Physically Backed by Ethereum: ETHC is fully collateralized by Ethereum, ensuring transparency and investor confidence.
- Low Management Fees: At just 0.21%, ETHC offers some of the most competitive rates in the market.
- Staking Rewards: Investors gain access to Ethereum staking, with an average yield of 3.17%, according to data from Staking Rewards.
A European Advantage Over U.S. ETFs
Unlike U.S.-based crypto ETFs, European ETPs like ETHC can integrate staking rewards. The U.S. Securities and Exchange Commission (SEC) has rejected Ethereum ETFs offering staking due to:
- Market Manipulation Concerns: Lack of regulatory frameworks for staking activities.
- Investor Protection Issues: Risks in the volatile crypto market, especially for retail investors.
This regulatory difference highlights Europe’s progressive stance on crypto adoption, enabling investors to benefit from innovative financial products.
Ethereum Staking: A Growing Opportunity
As the crypto ecosystem matures, staking has become an essential aspect of Ethereum’s proof-of-stake (PoS) model. By participating in staking, ETHC investors support network security while earning passive income.
With Ethereum’s average staking yield currently at 3.17%, the introduction of staking rewards makes ETHC a competitive option for both institutional and retail investors.
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