21Shares launches crypto staking index ETP
“Staking is a long-standing feature of the blockchain ecosystem that allows crypto holders to earn rewards in exchange for locking up their assets.”
21Shares, one of the largest issuer of cryptocurrency exchange traded products, has unveiled its first crypto staking index ETP in order to offer diversified staking income.
Available today for trading on the BX Swiss exchange, the 21Shares Staking Basket Index ETP may soon be listed on Xetra Deutsche Boerse as well.
21Shares has decided to launch a diversified staking ETP after the success of 21Shares’ single asset staking products – 21Shares Solana Staking ETP and 21Shares Tezos Staking ETP.
Now listing 40 products across 12 exchanges in 8 countries, the company recently launched the low cost Bitcoin ETP (CBTC), and two risk-controlled products, the 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH).
Exposure to staking rewards while tracking crypto performance
The 21Shares Staking Basket Index ETP provides exposure to staking rewards while tracking the performance of underlying staked cryptos through a single ETP. The 21Shares staking index methodology used for this product was built in collaboration with Swedish index provider Vinter.
The 21Shares Staking Basket Index ETP tracks proof-of-stake (PoS) cryptocurrencies, including Binance Coin, Cardano, Cosmos, Polkadot, Solana, and Tezos. The index will rebalance on a semi-annual basis in March and September to reflect market shifts.
The launch of the staking index ETP was made in partnership with Vinter, a regulated index provider specializing in crypto assets that constructs, calculates and maintains indexes tracked by financial products
Arthur Krause, Director of ETP Product at 21.co, parent company of 21Shares, said: “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.”
Jacob Lindberg, CEO of Vinter, commented: “We are pleased to be launching the world’s first crypto staking index ETP with 21Shares, which is another milestone in our great partnership. This product addresses demands from retail and institutional investors globally, and we look forward to continuing our work with 21Shares as they seek to launch more innovative investment products that build bridges into the crypto world.”
