CoinShares has announced that it has implemented a 1.25 per cent p.a. Staking Reward in its Physical Ethereum ETP, effective 01 February 2024. The firm writes that this is the latest move in a longer-term strategic drive to lower costs for European investors looking to enter the digital asset market.
CoinShares Physical Staked Ethereum (Ticker: ETHE/CETH) has had a reduced management fee of 0.0 per cent p.a. in place since 01 February 2023 and is now the most cost-efficient, physically-backed staked Ethereum ETP available in Europe, allowing investors to share in the passive returns associated with holding ether
CoinShares Physical Staked Ethereum
● Tickers: ETHE / CETH
● ISIN: GB00BLD4ZM24
● WKN: A3GQ2N
● Management Fee: Reduced to 0.0 per cent p.a
● Staking Reward: 1.25 per cent p.a.
Townsend Lansing, Head of Product at CoinShares, says: “CoinShares’ suite of Physical Staked ETPs has now grown to include eight ETPs with reduced management fees of 0.0 per cent p.a. and an additional yield of between 1.25 per cent – 5.0 per cent p.a. depending on the underlying token. In 2022, we pioneered a transparent staking reward mechanism built into our Polkadot and Tezos ETPs, and we are now thrilled to bring this same feature to our flagship Physical Ethereum ETP. CoinShares is the only crypto ETP issuer providing transparent & shared staking rewards via a reduced management fee and an increase of the amount of cryptocurrency the investor is entitled to by a certain pre-set percentage every day.”
This announcement follows CoinShares’ recent move to reduce fees for its flagship Physical Bitcoin ETP to 0.35 per cent p.a., which the firm describes as affirming its commitment to setting new benchmarks for affordability and trust in the digital assets investment space.
Frank Spiteri, Head of Asset Management at CoinShares, says: “The addition of staking rewards for our Ethereum ETP is yet another step in our long-term strategy to provide affordable and accessible investment options in the digital asset sector. CoinShares is unique as the only issuer offering transparent and predictable staking rewards for Proof of Stake (PoS) crypto assets, presenting a clear and innovative system for sharing rewards and ensuring complete visibility for investors.”