21Shares improves its Ethereum ETP by introducing a staking feature, and the trading code has changed to "ETHC".
Powered by ChatGPTPANews reported on November 20 that asset management company 21Shares announced significant improvements to its Ethereum Core ETP, which now includes staking functionality. With this upgrade, the product has been rebranded as Ethereum Core Staking ETP to better reflect its expanded capabilities. The revised product trading code is ETHC, and it can be traded on major exchanges in Europe, including the Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.
The company stated that this move aims to make it easier for institutional and retail investors across Europe to access Ethereum staking. It provides a novel way to earn returns from Ethereum's staking mechanism while maintaining a low-cost structure. The Ethereum Core Staking ETP is physically backed by Ethereum, with a management fee of 0.21%.