21Shares has launched the 21Shares Staking Basket Index ETP (Ticker: STAKE) – saying that this is the world’s first crypto staking index ETP offering diversified staking income.
The index represents a basket product of crypto assets that provides 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,” says 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.”
The 21Shares Staking Basket Index ETP is available today for trading on the BX Swiss exchange and is seeking to list on Xetra Deutsche Boerse. This launch follows the success of 21Shares’ existing single asset staking products – 21Shares Solana Staking ETP and 21Shares Tezos Staking ETP.
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.”
