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.

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.

Recall that in September 2022, 21.co raised $25 million in funding at a $2 billion valuation.

Read CryptoNewsHerald bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.

Found a mistake in the text? Select it and press CTRL+ENTER

Comments (No)

Leave a Reply