21Shares Launches Crypto Staking ETP, Revolutionizing Crypto Staking Market

• 21Shares announced the launch of a new crypto staking index ETP (STAKE).
• The index will track ten crypto-assets, including Binance Coin (BNB), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), Solana (SOL), and Tezos (XTZ).
• The firm is now eyeing to list the product on Xetra Deutsche Boerse.

Zug-based crypto firm, 21Shares, recently announced the launch of its first-of-its-kind crypto staking index ETP (Exchange Traded Product). Dubbed 21Shares Staking Basket Index ETP (STAKE), the product provides exposure to staking rewards while tracking the performance of underlying staked coins via a single ETP.

The new product is expected to address the demands from both retail and institutional investors across the world. It will track ten crypto-assets, including Binance Coin (BNB), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), Solana (SOL), and Tezos (XTZ). 21Shares is now eyeing to list the product on Xetra Deutsche Boerse.

The launch of this product is seen as a major development in the crypto space as it will provide investors with an easier and safer way to gain exposure to the crypto staking market. Moreover, it will also give them an opportunity to benefit from the staking rewards that the underlying coins offer.

It is worth noting that the crypto staking market has been gaining a lot of traction lately. This is mainly due to the fact that the process of staking is much easier and less risky than mining. As more and more people are entering the crypto staking space, the demand for such products is increasing.

Commenting on the launch of this product, 21Shares’ CEO, Hany Rashwan, said, “The launch of our new crypto staking index ETP is a major step forward for the industry. We are proud to be the first to provide investors with a safe and easy way to gain exposure to the crypto staking market. We are confident that our product will be a great success and will help to further drive the growth of the crypto ecosystem.”

The 21Shares Staking Basket Index ETP provides investors with a simple and cost-effective way to gain exposure to the crypto staking market. It tracks the performance of ten of the most popular staked coins and provides investors with the opportunity to benefit from the staking rewards that the underlying coins offer.

The launch of this product is seen as a positive development for the crypto markets as it provides investors with a safer and easier way to gain exposure to the crypto staking market. Moreover, it also allows them to benefit from the staking rewards that the underlying coins offer. This could potentially lead to more people entering the crypto staking market and thus further increase the demand for such products.

Overall, the launch of the 21Shares Staking Basket Index ETP is a major milestone for the crypto industry. It provides investors with a safe and easy way to gain exposure to the crypto staking market and benefit from the staking rewards that the underlying coins offer. 21Shares is now eyeing to list the product on Xetra Deutsche Boerse. With the launch of this product, the company is set to revolutionize the crypto staking space and provide investors with an easier and safer way to gain exposure to the crypto staking market.