ETC Group unveils its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP with ticker ET32, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index.
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Tim Bevan, CEO of ETC Group
The most efficient instrument to earn rewards from staking ETH
The lowest total cost and highest yielding ETH Staking ETP on the market
Designed to deliver the best investor outcomes
ETC Group unveils its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP with ticker ET32, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. Specifically tailored to meet the rigorous requirements of institutional investors, the ETC Group Ethereum Staking ETP offers superior outcomes compared to alternative staking offerings and other similar ETPs on the market. It is the first real institutional-grade, low-cost, liquid, and transparent staking ETP, anchored to a genuine benchmark to ensure optimal investor outcomes.
ISIN: DE000A3G90G9
WKN: A3G90G
Product Name: ETC Group Ethereum Staking ETP
Physical Redemption: Yes
Tracking the Compass Ethereum Total Return Monthly Index as benchmark
Ether (ETH) is the second-largest cryptocurrency by market capitalisation. ETH Staking ETPs are investment vehicles that provide exposure to Ether’s price appreciation and as well as additional yield in the form of staking rewards that are reinvested into the ETP. By tracking a robust and transparent benchmark in the Compass Ethereum Total Return Monthly Index, investors – for the first time – can accurately evaluate performance against ETH staking market-wide rates and benefit from the lowest total cost and highest yielding Ethereum Staking ETP on the market.
Staking is a way to generate income for crypto asset owners. When investors pledge their cryptocurrency to validate transactions on a Proof of Stake (PoS) blockchain network such as Ethereum, they contribute to the security of the blockchain and receive additional tokens as rewards. In many ways staking is similar to dividends in equities.
The ETP has a maximum management fee of 0.65%. In addition to ETH price action, investors in ET32 earn the full ETH staking rewards less a staking service fee of 10% deducted from the total rewards. Rewards earned are reinvested into the ETP, further benefitting investors. The ETH staking yield market rate is currently 3.5% but subject to change, driven by factors including activity on the network and the total amount of Ethereum being staked.
Focus on investor returns and investor safety
The Ethereum Staking ETP is underpinned by the same institutional grade security and risk management expertise applied to all ETC Group products. It is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee. The digital assets backing the ETP are safely kept in cold storage by a market-leading specialised institutional custodian, Zodia Custody, and staked through the leading blockchain infrastructure provider, Blockdaemon. All transactions are additionally monitored independently by a dedicated administrator with veto rights on each transaction, a unique feature developed by ETC Group to minimize operational risk and eliminate the possibility of white-collar crime within the product cycle.
The product offers investors a cost-efficient, regulated and secure way to tap into the benefits of Ethereum staking and diversify crypto asset portfolios.
Source : ETFWorld.co.uk
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