Digital ETP issuer CoinShares has announced that their physically-backed Polkadot ETP has been listed on Switzerland’s SIX Swiss Exchange in Zurich.
The firm writes that the cross-listing of CoinShares Physical Staked Polkadot (Ticker: CDOT) demonstrates the Company’s commitment to providing European investors with access to digital asset markets through regulated means.
CDOT’s management fee has been reduced to 0.0 per cent p.a. with a Staking Reward of 5.0 per cent p.a.
The firm writes that its CoinShares’ Staked ETPs are designed to provide simple exposure to proof-of-stake protocols and the rewards for participating in their security. CoinShares says that they are built to allow the Issuer to share staking rewards with investors by reducing the management fee and by increasing the Coin Entitlement of the ETP each day, as staking awards accrue.
Townsend Lansing, Head of Product at CoinShares, says: “The SIX Swiss Exchange was one of the first regulated exchanges in Europe to allow for the trading of digital asset ETPs, and Swiss investors continue to show strong interest in investing in digital assets via listed products. We are excited to list our innovative physical-backed staked Polkadot ETP in Switzerland and provide a wider audience with a means to further involve themselves in the cryptocurrency ecosystem.”