21shares Launches World’s First Crypto Staking Index ETP

Key Points:

• The first cryptocurrency staking index ETP generating diversified staking income was announced by 21Shares as the 21Shares Staking Basket Index ETP.
• It is the first-ever collection of digital assets to follow the performance of the underlying staked coins through a single ETP while offering exposure to staking incentives.
• The index will be rebalanced twice a year, in March and September, to take market changes into account.

The 21Shares Staking Basket Index ETP, the first cryptocurrency staking index ETP to offer exposure to staking rewards, was announced by 21Shares.

The index is the first-ever collection of digital assets to follow the performance of the underlying staked coins through a single ETP while offering exposure to staking incentives. Together with Swedish index provider Vinter, the staking index technique for this product was developed.

The company added that among the cryptocurrencies that are tracked by the 21Shares Staking Basket Index ETP are Binance Coin, Cardano, Cosmos, Polkadot, Solana, and Tezos.

Arthur Krause, Director of ETP Product at 21.co, the parent company of 21Shares, said in a statement:

“Staking is a long-standing feature of the blockchain ecosystem that allows crypto holders to earn rewards in exchange for locking up their assets. Our research has shown that investors are interested in diversified, crypto-native return streams – especially amid crypto winter. In particular, we’ve heard demand for a reliable and safe way to access staking, one of the most attractive potential return streams available in the crypto ecosystem. The 21Shares Staking Basket Index ETP does just that, and will be an attractive addition to many portfolios.”

Trading in the 21Shares Staking Basket Index ETP is now possible on the BX Swiss exchange. The index will be rebalanced twice a year, in March and September, to take market changes into account.

With the index has been included, 21Shares and 21.co provide 47 crypto ETP products on 12 exchanges throughout 9 nations. By offering an alternative to direct cryptocurrency investment, ETPs seek to give investors a safe and secure option to obtain exposure to the cryptocurrency market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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