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The world’s largest emitter of cryptocurrency ETPs Launches 21Shares Staking Basket Index ETP in Collaboration with Index Provider Vinter

ZURICH, January 18, 2023 /PRNewswire/ — 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange-traded products (ETPs) and a subsidiary of 21.cotoday unveiled the 21Shares Staking Basket Index ETP (Ticker: STAKE) – the world’s first crypto ETP staking index offering diversified staking income. The index represents the very first product basket of crypto assets that provide 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.

“Staking is a long-standing feature of the blockchain ecosystem that enables crypto holders to earn rewards in exchange for locking up their assets,” said Arthur KrauseETP Product Director at 21.co, parent company of 21Shares. “Our research has shown that investors are interested in diversified investments, crypto– native return streams – especially in the middle 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 it will be a great 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 Tezos 21Shares Staking ETP.

Jacob LindbergCEO of Vinter, adds “We are delighted to launch the first crypto staking the ETP index with 21Shares, which is another milestone in our great 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 build bridges to the crypto world.”

Today’s announcement is the latest in a series of innovative ETP offerings from 21Shares over the past year, including the cheapest in the world Bitcoin ETP (CBTC)as good as two controlled risk products21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum ETP index (SPETH). 21.co now lists 40 products on 12 exchanges in 8 countries.

To learn more about the 21Shares Staking Basket Index ETP, please 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 Penningtonhead of global communication, [email protected]
Megan Enrightresponsible for the communication, [email protected]

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

SOURCE 21Share



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