21Shares Ethereum ETP boosts investor income with staking rewards
Investors gain passive income with 21Shares updated Ethereum Core Staking ETP
21Shares, a well-known issuer of cryptocurrency exchange-traded products (ETPs), has announced a significant enhancement to its Ethereum Core ETP (ETHC) by integrating staking rewards.
The product will be rebranded as 21Shares Ethereum Core Staking ETP, according to Coincu.
Staking: A source of passive income
Staking, a process where cryptocurrency holders lock their assets to support the operation and security of a blockchain network, has become a popular method of earning passive rewards. By integrating staking into its ETP, 21Shares offers investors a way to benefit from these rewards without directly locking their own assets. This enhancement can provide an additional source of income while maintaining exposure to Ethereum’s price dynamics.
“21Shares continues to do what it has done since its inception — pioneering innovation in digital assets for European investors,” said Hany Rashwan, Co-Founder and CEO of 21Shares.
“The addition of staking to ETHC is the company’s latest step toward providing the European market with the most advanced products in the digital asset space. We are excited to make ETHC even more attractive for investors, helping offset management fees while simultaneously offering the opportunity for additional returns through staking rewards,” Rashwan stated.
According to Coinbase, the current average staking yield for Ethereum is approximately 2.26% as of November 20, 2024. With this update, ETHC becomes an even more cost-effective and profitable option for investors seeking access to Ethereum, the second-largest cryptocurrency by market capitalization.
Transparency, efficiency, and accessibility
The 21Shares Ethereum Core Staking ETP is fully backed by physical Ethereum, ensuring transparency and security for investors. It is listed on major European stock exchanges, including SIX Swiss Exchange, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris, and the London Stock Exchange. This wide accessibility underscores 21Shares’ mission to enhance the availability of digital assets to traditional investors.
ETHC stands out as one of the most efficient ETPs on the market, offering a management fee of just 0.21%. The addition of staking rewards makes it particularly appealing to those who want to improve portfolio returns without the complexities of managing cryptocurrency wallets or staking infrastructure.
This development strengthens 21Shares’ reputation as a pioneer in cryptocurrency investment, consistently introducing innovative solutions that meet the evolving needs of European investors.
It is worth noting that earlier, DeFi Technologies announced the launch of its subsidiary CoreFi Strategy, which will provide investors access to the Core blockchain designed for BTC staking and decentralized finance (BTCfi).
