21Shares Unveils World's First Crypto Staking Index ETP

The 21Shares Staking Basket Index ETP is now available for trading on the BX Swiss exchange, and is seeking to list on Xetra Deutsche Boerse. 

January. 18, 2023 - 21 Shares an issuer of cryptocurrency exchange traded products (ETPs) and a subsidiary of 21.co, today unveiled the 21Shares Staking Basket Index ETP, a crypto staking index ETP offering diversified staking income. 

The index is a basket product of crypto assets that provide exposure to staking rewards while tracking the performance of underlying staked cryptos through a single ETP. 

The 21Shares staking index methodology used for this product was built in collaboration with Swedish index provider Vinter.

The 21Shares Staking Basket Index ETP tracks proof-of-stake (PoS) cryptocurrencies, including Binance Coin, Cardano, Cosmos, Polkadot, Solana, and Tezos. The index will rebalance on a semi-annual basis in March and September to reflect market shifts.

"Staking is a long-standing feature of the blockchain ecosystem that allows crypto holders to earn rewards in exchange for locking up their assets," said Arthur Krause, Director of ETP Product at 21.co, parent company of 21Shares.

"Our research has shown that investors are interested in diversified, crypto-native return streams – especially amid crypto winter. In particular, we've heard demand for a reliable and safe way to access staking, one of the most attractive potential return streams available in the crypto ecosystem. The 21Shares Staking Basket Index ETP does just that, and will be an attractive addition to many portfolios."

Jacob Lindberg, CEO of Vinter, adds "We are pleased to be launching the world's first crypto staking index ETP with 21Shares, which is another milestone in our great partnership. This product addresses demands from retail and institutional investors globally, and we look forward to continuing our work with 21Shares as they seek to launch more innovative investment products that build bridges into the crypto world."