21Shares AG has updated its Ethereum Core ETP by integrating staking functionality, rebranding it as the Ethereum Core Staking ETP. Available on major European exchanges, it provides a low-cost method to access Ethereum staking.
The move is designed to enhance Ethereum staking accessibility for institutional and retail investors across Europe. With a total expense ratio of just 0.21%, the ETP offers a cost-effective way for investors to earn staking rewards.
Currently, the US faces regulatory constraints on similar products, with the SEC rejecting Ethereum ETFs offering staking rewards due to concerns about market manipulation and retail investor risks. Europe's lighter regulatory stance helps stoke the product's appeal abroad.
The Ethereum Core Staking ETP forms part of 21Shares' wider strategy to expand its staking offerings, aligning it with other new ETPs such as the Solana Staking ETP. The product emphasizes Europe's growing presence in the staking ETP market as a competitive field with firms like Bitwise participating.
This development underscores the increasing demand for accessible, secure blockchain network participation, offering income potential through staking. The launch aims to attract more investors seeking exposure to innovative blockchain technologies.
