Switzerland-based crypto exchange-traded product provider 21Shares AG has introduced staking to its Ethereum Core ETP, rebranding it as the 21Shares Ethereum Core Staking ETP.
In a November 19 press release, the company announced that the updated product enables investors to earn potential income through staking while continuing to maintain exposure to Ethereum (ETH).
Hany Rashwan, co-founder and CEO of 21Shares, stated that integrating staking into ETHC is the firm’s latest effort to
“deliver the most advanced digital asset products to the European market.”
The newly rebranded Ethereum Core Staking ETP, now available under the ETHC ticker, is listed on several major exchanges, including the SIX Swiss Exchange, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris, and the London Stock Exchange. The product is physically backed by Ethereum and mirrors the performance of ETH, offering management fees as low as 0.21%.
The launch of the Ethereum Core Staking ETP follows the introduction of the 21Shares Core Ethereum ETF (CETH), which, while unregistered under the Investment Company Act of 1940, reflects the firm’s efforts to enhance access to crypto assets.
Co-founder and President Ophelia Snyder emphasised the firm’s focus on bridging traditional and decentralised finance, noting that the evolving regulatory landscape is making it easier to achieve this objective.
Notably, the asset manager recently urged the European Securities and Markets Authority (ESMA) to establish clearer guidelines for including crypto assets in the UCITS framework. In an October 7 press release, the firm highlighted regulatory inconsistencies across Europe, which created confusion for both retail and institutional investors. 21Shares warned that the lack of a unified approach could expose investors to higher costs and less professional management in accessing crypto assets.
Meanwhile, staking has gained traction among asset managers in recent months. Bitwise, for example, expanded its portfolio by acquiring London-based Attestant, a non-custodial Ethereum staking service. The acquisition, which integrates Attestant’s 11-member team, boosts Bitwise’s total assets under management to over $10 billion.
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