21Shares has launched an exchange-traded product (ETP) based on Toncoin (TON). It monitors asset price fluctuations and reinvests profits into coin staking.
21Shares Toncoin Staking ETP is traded on the Swiss SIX exchange under the ticker TONN. The company described the fund as follows:
“This innovative product provides investors with a convenient way to participate in the staking ecosystem and easily earn rewards.”
According to the official website, $25 million has already been invested in the product. The fund management fee is 2.5% per annum.
The projected volume of assets under management at the launch stage is $40 million. Company CEO Hani Rashwan stated this in a commentary to The Block. He predicts high demand for the product.
It is noteworthy that Toncoin reacted slightly to the news. At the time of writing, the asset is trading around $5:
In Russia, managers and employees of a “branch” of an international network of call centers were exposed. This was reported by RBC-Ukraine...
Mikhail Zhernakov is one of the most public figures in the field of judicial reform in Ukraine, which...
The ministry spent tens of millions on printing unnecessary books in “its” publishing houses. The Ministry of Culture during...
Over more than 30 years of independence, at least $100 billion has been withdrawn from Ukraine abroad,...
Remember the former head of the Tax Service of Ukraine, Roman Nasirov, who wrapped himself in a blanket, pretending to be seriously ill in...
The famous raider Vasily Astion deliberately destroys the famous agricultural enterprise Complex Agromars LLC in the interests of the owner...
This website uses cookies.