Swiss-Based Asset Manager 21Shares Unveils Major Innovation for Ethereum! Here Are the Details

Switzerland-based asset manager 21Shares AG has enhanced its Ethereum Core exchange-traded product (ETP) by adding staking functionality and renamed it Ethereum Core Staking ETP.

21Shares Brings Staking to Ethereum Core ETP, Advancing European Crypto Offerings

The updated product was launched on Tuesday and is now listed on major European exchanges including SIX Swiss Exchange, Deutsche Börse Xetra and Euronext Amsterdam.

This development underlines 21Shares focus on expanding staking access for both institutional and retail investors in Europe by providing low-cost, innovative solutions in the competitive digital asset space.

Trading under the ticker ETHC, the Ethereum Core Staking ETP is physically backed by Ethereum and has a management fee of just 0.21%, which is among the lowest in the market.

This fee structure aims to attract a wider range of investors interested in staking opportunities.

Hany Rashwan, CEO of 21Shares, highlighted the importance of this upgrade:

“The addition of staking to ETHC is the firms latest move to deliver cutting-edge digital asset products to the European market. We aim to make staking accessible while maintaining cost efficiency.”

According to Staking Rewards, staking Ethereum currently offers an average return of 3.17%. The ETHC ETP offers investors the opportunity to earn staking rewards while minimizing exposure to the complexities of direct staking.