The Zug-based crypto firm is now eyeing to list the new product on Xetra Deutsche Boerse.
21Shares announced the launch of first-of-its-kind crypto staking index ETP focused on proof-of-stake-based coins.
Dubbed 21Shares Staking Basket Index ETP , the product will essentially provide exposure to staking rewards while tracking the performance of underlying staked coins via a single ETP., the index will track ten crypto-assets, including Binance Coin , Cardano , Cosmos , Polkadot , Solana , and Tezos .Despite the fact that STAKE is designed to track PoS-based coins, the product, however, does not include Ethereum .
The 21Shares Staking Basket Index ETP, which was made available on for trading on January 18th on the BX Swiss exchange, was developed in collaboration with Swedish index provider Vinter. Its CEO, Jacob Lindberg, said the two firms will continue to work on launching more investment products that “build bridges into the crypto world.”With the latest launch, 21Shares and it’s parent firm listed more than 40 products across 12 exchanges in 8 countries.Bitcoin exchange-traded product on Nasdaq Dubai. This marked the first physically-backed BTC ETP in the Middle East.
21.co, on the other hand, fetched $25 million in a funding round in September. The move catapulted its valuation to $2 billion, and made it “Switzerland’s largest crypto unicorn.”
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