Recently, crypto lender 21Shares has launched cryptocurrency staking ETP on BX Swiss, a local stock exchange in Switzerland.
The announcement came after 21Shares rolled out its crypto staking index that mainly tracks approximately 10 PoS (proof of stake) crypto. 21Shares is specialized in the management and creation of ETP or exchange-traded products. ETPs can track various crypto coins and their value. For example, Ethereum and Bitcoin. 21Shares allows investors to put money into crypto via traditional financial markets.
Besides this activity, the company also creates and lists ETPs on various stock exchanges and manages their assets. 21Shares also enables investors to analyze market information and other data.
Once it released the ETP called Staking Basket Index via the STAKE ticker, 21Shares started to trade on the BX Swiss stock exchange. After the launch, ETPs became able to track a maximum of 6 crypto coins, such as Binance Coin, Solana, Cosmos, Cardano, Polkadot, and Tezos.
The STAKE ETP brings the total of 21Shares’ ETP numbers to 47. Approximately 12 exchanges from 9 countries provide ETPs. These services allow investors to increase their exposure to the crypto environment, in a reported safe way. Last but not least, ETPs represent a good alternative to traditional cryptocurrency investments.