Unique Tezos and Polkadot ETPs to feature staking rewards of 3.0% p.a. and 5.0% p.a. (respectively) and reduced management fees of 0.0% p.a.
SAINT HELIER, Jersey, Jan. 26, 2022 /PRNewswire/ — CoinShares (“the Company”) (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe’s largest digital asset investment firm with over US$4bn in AUM, today announced the launch of the world’s first physically-backed crypto exchange traded products (ETPs) designed to share the rewards of staking with investors. CoinShares Physical Staked Tezos and CoinShares Physical Staked Polkadot will be listed on Germany’s main market Xetra. The new ETPs leverage CoinShares’ technology platform to provide simple exposure to proof-of-stake protocols and the rewards for participating in their security.
Townsend Lansing, Head of Product at CoinShares, commented on today’s news, “Proof-of-stake protocols require investors to use their holdings to validate the network and its transactions. The validator also earns the protocol’s digital currency, which means investors can contribute their assets to…
