Switzerland-Based 21Shares Adds Staking to its Ethereum Core ETP

Switzerland-based 21Shares AG introduced staking functionality to its Ethereum Core exchange-traded product (ETP) on Tuesday, renaming it the Ethereum Core Staking ETP.

The revamped product is now available on major European exchanges, including the SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.

This update positions the company to enhance staking accessibility for both institutional and retail investors in Europe.

Ethereum Core Staking ETP Offers Low Fees and Rewards

The Ethereum Core Staking ETP, trading under the ETHC ticker, is physically backed by Ethereum and offers a competitive management fee of 0.21%, one of the lowest in the market.

Unlock new earning potential! 🌟 Staking is now available in our 21Shares Ethereum Core Staking ETP (ETHC). With a low TER and the added benefits of staking rewards, ETHC offers even more value. Visit our website for more info:https://t.co/LGXXdTLw8M pic.twitter.com/tuq86LHnps

— 21Shares (@21Shares) November 19, 2024

This cost-efficient structure targets a wider range of investors exploring staking opportunities.

Hany Rashwan, CEO of 21Shares, emphasized the importance of this development: “The addition of staking to ETHC is the firm’s latest move to provide the European market with the most cutting-edge digital assets products,” he said.

Rashwan added that the product seeks to make staking more accessible while maintaining cost efficiency.

According to data from Staking Rewards, the average Ethereum staking yield currently stands at 3.17%, providing an additional income stream for investors.

Ethereum ETFs with Staking: What Could it Mean for Investors and the Network?

1. 0% Management Fee
The staking yield on Ethereum is around ~3.2%. Assuming a conservative scenario where issuers stake only 25% of total assets and incur a 20% operating cost (for the staking… pic.twitter.com/pGojnHdjjs

— Tom Wan (@tomwanhh) November 7, 2024

This feature makes the Ethereum Core Staking ETP particularly appealing to those seeking stable returns in an otherwise volatile crypto market.

While European regulators have permitted staking-based products like ETHC, the U.S. Securities and Exchange Commission (SEC) has taken a more cautious stance.

The SEC has rejected Ethereum ETFs offering staking rewards, citing concerns over market manipulation, regulatory oversight, and risks to retail investors.

This regulatory divide showcases the differing strategies taken toward crypto investments worldwide.

Expanding Opportunities in the Staking Market

21Shares’ addition of staking functionality to its Ethereum Core ETP forms part of its broader strategy to diversify its offerings.

The firm has steadily expanded its presence in Europe, launching three new ETPs in July on Euronext Paris and Amsterdam.

This brought its total to 43 ETPs across the region, managing $3.3 billion in assets.

Notable products include the Solana Staking ETP (ASOL) and diversified crypto funds, showcasing 21Shares’ commitment to offering a wide range of investment options.

While 21Shares advances its Ethereum staking solutions, other players are also making strides in the market.

U.S.-based fund manager Bitwise recently debuted the world’s first Aptos Staking ETP on November 19, trading under the ticker APTB on the SIX Swiss Exchange.

News: 🚀 Bitwise launches the first #Aptos staking ETP in Europe! Available on SIX Swiss Exchange starting November 19, this new ETP allows institutional and retail investors to earn around 4.7% in staking returns on Aptos. Meanwhile, staking remains prohibited in U.S.-listed…

— Andres Meneses (@andreswifitv) November 12, 2024

This product offers approximately 4.7% staking rewards net of fees, leveraging robust custodial and staking infrastructure to ensure secure and efficient returns.

Bitwise’s Aptos Staking ETP further simplifies the staking process by directly accumulating rewards within the product, streamlining investments for participants.

It marks Bitwise’s second entry in its Total Return suite, following the Ethereum Staking ETP introduced earlier this year.

The launch also coincides with Bitwise’s acquisition of the ETC Group and London-based non-custodial Ether staking provider Attestant, reflecting the company’s strategic push to broaden its crypto offerings.

🤝 Crypto asset manager @BitwiseInvest acquired @AttestantIO – a company providing Ether staking services – to expand its crypto offerings beyond crypto ETFs.#EtherStaking #Ethereum $ETH https://t.co/slGfIwP2hN

— Cryptonews.com (@cryptonews) November 13, 2024

With plans to list the Aptos Staking ETP on additional European exchanges, Bitwise continues to extend its reach in the competitive staking market, paralleling 21Shares’ growing presence in the region.