Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Swedish index provider Vinter collaborated with 21Shares to develop the staking index methodology used for this product. The ETP tracks a variety of proof-of-stake cryptocurrencies, including Binance Coin , Cardano , Cosmos , Polkadot , Solana , and Tezos . "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 Product at 21.co, the parent company of 21Shares. "Our research has shown that investors are interested in diversified, crypto-native return streams – especially amid crypto winter.”
In total, 21Shares and its parent company 21.co now provide 47 product listings across 12 exchanges in nine countries. Over the past year, 21Shares has launched several new products including the Bitcoin Core ETP and two risk-controlled products, the 21Shares S&P Risk Controlled Bitcoin Index ETP and 21Shares S&P Risk Controlled Ethereum Index ETP .