• 21Shares recently launched a digital currency staking index on the BX Swiss stock exchange.
• The index primarily tracks up to 10 Proof-of-Stake (PoS) cryptocurrencies, including Cardano, Binance Coin, Polkadot, Cosmos, Tezos, and Solana.
• 21Shares specializes in creating and managing exchange-traded products (ETPs) that track the value of various cryptocurrencies, providing investors with an easy and convenient way to invest.
21Shares recently made a landmark move within the crypto space by launching a digital currency staking index on the BX Swiss stock exchange. This index primarily tracks up to 10 Proof-of-Stake (PoS) cryptocurrencies, which include Cardano, Binance Coin, Polkadot, Cosmos, Tezos, and Solana. This move is significant as it provides investors with an easy and convenient way to invest in cryptocurrencies through traditional financial markets.
21Shares specializes in creating and managing exchange-traded products (ETPs) that track the value of various cryptocurrencies, such as Bitcoin and Ethereum. Through these products, investors can gain more exposure to the crypto space in a safe environment. Additionally, ETPs serves as an excellent alternative to regular digital currency investments, as they are regulated and secure.
The launch of the Staking Basket Index ETP with the STAKE ticker has further broadened the appeal of 21Shares and 21.co products. The addition of the STAKE ETP has brought the total number of digital currencies ETPs from 21Shares and 21.co to 47. Furthermore, these products are available on 12 exchanges in 9 different countries.
The STAKE ETP has made it easier for investors to gain exposure to the growing crypto space. The index also provides an opportunity to benefit from the staking process, which is the process of locking up digital assets to earn rewards, such as fees from transactions. By investing in the STAKE ETP, investors can benefit from staking rewards without having to manage their own digital assets.
Overall, the launch of the digital currency staking index on the BX Swiss stock exchange is a major development for 21Shares and the crypto space. This move is likely to broaden the appeal of digital currencies and further expand the cryptocurrency industry. Furthermore, it provides investors with a convenient and secure way to invest in the crypto space.