21Shares Unveils World’s First Crypto Staking Index ETP

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World’s Largest Cryptocurrency ETP Issuer Launches 21Shares Staking Basket Index ETP in Collaboration with Index Provider Vinter

ZURICH, Jan. 18, 2023 /PRNewswire/ — 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange-traded products (ETPs) and a subsidiary of 21.co, today unveiled the 21Shares Staking Basket Index ETP (Ticker: STAKE) the world’s first crypto staking index ETP offering diversified staking earnings. The index represents the first-ever crypto asset basket product that provides exposure to staking rewards while tracking the performance of the underlying staked cryptos through a single ETP. The 21Shares staking index methodology used for this product was developed in conjunction 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 be rebalanced on a semi-annual basis in March and September to reflect market changes.

21Shares Unveils World’s First Crypto Staking Index ETP

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“Staking is a long-standing feature of the blockchain ecosystem that allows crypto holders to earn rewards in exchange for locking up their assets,” said Arthur Krause, director of ETP products at 21.co, a company mother of 21Shares. “Our research has shown that investors are interested in diverse, crypto-native return streams, especially in the midst of crypto winter. In particular, we heard a demand for a reliable and secure 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.

The 21Shares Staking Basket Index ETP is available for trading today on BX Swiss Exchange and is seeking listing on Xetra Deutsche Boerse. This launch follows the success of 21Shares’ existing single asset staking products, 21Shares Solana Staking ETP and 21Shares Tezos Staking ETP.

Jacob Lindberg, CEO of Vinter, adds, “We are thrilled to launch the world’s first crypto staking index ETP with 21Shares, which is another milestone in our excellent partnership. This product meets the demands of retail and institutional investors around the world, and we look forward to continuing our work with 21Shares as they seek to launch more innovative investment products that bridge the world of crypto.”

Today’s announcement is the latest in a series of innovative ETP offerings from 21Shares over the past year, including the world’s cheapest Bitcoin ETP (CBTC), as well as two controlled risk, the 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH). 21.co now lists 40 products on 12 exchanges in 8 countries.

To learn more about the 21Shares Staking Basket Index ETP, visit https://21shares.com/product/STAKE.

ETN Name

IS IN

Teleprinter

Quote currency

Swap

Registration date

21Shares Staking Basket Index ETP

CH1210548892

BW PILE

CHF

BX Switzerland

18.01.2023

Press Contacts: Arielle Pennington, Head of Global Communications, [email protected]Megan Enright, Communications Manager, [email protected]

About 21.co21.co is the global leader in providing access to crypto through simple, easy-to-use products. 21.co is the parent company of 21Shares, the world’s largest issuer of cryptocurrency exchange-traded products (ETPs) which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties. The company was founded in 2018 by Hany Rashwan and Ophelia Snyder. 21.co is registered in Zug, Switzerland, with offices in Zurich and New York. For more information, visit 21.co.

SOURCE 21Share

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