PANews reported on November 20 that Swiss asset management company 21Shares announced that it has added a staking function to its Ethereum Core exchange-traded product (ETP) and renamed it Ethereum Core Staking ETP (Ethereum Core Staking ETP), with the trading code ETHC. The product is now listed on SIX Swiss Exchange, Deutsche Börse Xetra and Euronext Amsterdam.
ETHC supports Ethereum staking, with a management fee of only 0.21%, and provides an average Ethereum staking income of about 3.17%. Although European regulators support staking products, the SEC remains cautious about similar products and has rejected Ethereum ETF applications involving staking rewards. Currently, the scale of assets under management is US$3.3 billion, covering 43 ETPs. In addition, the US fund management company Bitwise recently launched the world's first Aptos staking ETP (APTB), with a staking yield of about 4.7%, further promoting competition and development in the staking market.
