Key Points:
- Switzerland’s 21Shares introduces Ethereum staking to its renamed Ethereum Core Staking ETP, now listed on the SIX Swiss Exchange.
- Offers 3.17% average staking yield, enabling European investors to earn passive income effortlessly.
Switzerland-based 21Shares has just announced a major upgrade to its Ethereum Core Exchange-Traded Product, introducing staking functionality and renaming it the Ethereum Core Staking ETP.
21Shares Enhances Ethereum ETP with Staking
The newly restructured product is listed on the SIX Swiss Exchange and is now open to many European investors who want exposure to Ethereum’s staking ecosystem. Furthering this upgrade, 21Shares cements its position as one of the pioneers in the marriage between traditional financial instrument benefits and the innovative features of blockchain technology.
Staking in Ethereum will be increasingly attractive to investors because it allows for earning passive income due to the network’s security. According to the latest data, the current average staking yield from Ethereum stands at 3.17%, therefore offering a solid opportunity for those looking to diversify their crypto portfolios.
Read more: Ethereum Layer2 TVL Surges to $43.9B with Impressive 3.76% Growth
Ethereum Core Staking ETP Offers Passive Income
Adding staking capability marks a deepening commitment by 21Shares to stay at the forefront of cryptocurrency investment solutions. In this regard, it will be incorporating staking into its Ethereum Core ETP, which is an easy, regulated avenue for European investors to take advantage of Ethereum’s transition to a proof-of-stake consensus mechanism.
As the first issuer of cryptocurrency ETPs, 21Shares continues to innovate in the digital asset space, offering secure, cost-effective, and transparent access to blockchain-based opportunities. The Ethereum Core Staking ETP further responds to a growing demand for hybrid investment products combining traditional finance with the benefits of decentralized technologies.
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Source: Coincu