21Shares Launches PoS Basket ETP

The Swiss company 21Shares has introduced an exchange-traded product (ETP) that tracks the performance of a basket of cryptoassets on the Proof-of-Stake (PoS) algorithm.

@21Shares unveils world’s first crypto staking index ETP.

Read more to hear from Arthur Krause, Director of ETP Product at @21co__ — parent company of 21Shares.
👇https://t.co/5rjZJ7nzVV pic.twitter.com/JcGXdmdWGt

— LiquidityFinder (@LiquidityFinder) January 18, 2023

The structure of the 21Shares Staking Basket Index ETP is based on an index from the Swedish provider Vinter.

The data settlement basket includes PoS coins like Binance Coin (BNB), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), Solana (SOL), and Tezos (XTZ).

The index will be rebalanced every six months – in March and September – to reflect changes in the market.

“Investors are interested in diversified, profitable cryptocurrencies. We have identified demand for a reliable and secure way to access staking, one of the most compelling potential income streams in the ecosystem. The 21Shares Staking Basket Index ETP provides just that and will complement many portfolios,” said Artur Krause, Director of ETP Products at 21.co, the firm’s parent company.