CoinShares Adds 1.25% p.a. Staking Reward to Zero-Fee Physical Ethereum ETP
Firm continues to lead the democratisation of access to crypto and staking rewards for ETP investors
01 February 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, announced that it has implemented a 1.25% p.a. Staking Reward in its flagship Physical Ethereum ETP, effective 01 February 2024, 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% 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% p.a
Staking Reward: 1.25% p.a.
Townsend Lansing, Head of Product at CoinShares, said: “CoinShares’ suite of Physical Staked ETPs has now grown to include eight ETPs with reduced management fees of 0.0% p.a. and an additional yield of between 1.25% - 5.0% 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% p.a., affirming its commitment to setting new benchmarks for affordability and trust in the digital assets investment space. Additionally, the firm’s Top 10 Crypto Market ETP - which also features a reduced management fee of 0.0% p.a. - recently won best Digital Assets ETP of the year at the 2023 ETF Stream Awards.
Frank Spiteri, Head of Asset Management at CoinShares, added: “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.”
CoinShares is still the only Issuer with a transparent two-step approach to staking to ensure low-cost exposure to digital assets; not only do CoinShares’ Staked ETPs feature fixed staking rewards, but they also have reduced management fees of 0.0% p.a., meaning that the rewards result in an overall increase to the Coin Entitlement, rather than simply serving to ‘cancel out’ part of the management fee.
About CoinShares
CoinShares is Europe’s leading alternative asset manager specialising in digital assets that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
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CoinShares
Benoît Pellevoizin