Categories: Crypto

21Shares launched ETP based on Toncoin staking

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:

legenda

Recent Posts

During a full-scale war, the Ukrainian Student League collaborated with the Russian oligarch’s foundation

In 2022, the Ukrainian Student League (USL) collaborated with the Rassvet Foundation, founded by Russian oligarch Mikhail…

3 weeks ago

Employees of a fraudulent call center network detained in Russia: details

In Russia, managers and employees of a “branch” of an international network of call centers were exposed. This was reported by RBC-Ukraine...

1 month ago

Why did the judicial “under-reformer” Mikhail Zhernakov decide to criticize the legal profession?

Mikhail Zhernakov is one of the most public figures in the field of judicial reform in Ukraine, which...

1 month ago

The pointless “book club” of the Ministry of Culture

The ministry spent tens of millions on printing unnecessary books in “its” publishing houses. The Ministry of Culture during...

2 months ago

More than two state budgets. How money is withdrawn from Ukraine

Over more than 30 years of independence, at least $100 billion has been withdrawn from Ukraine abroad,...

2 months ago

“Decided” by the tax office Andrei Gmyrin organized a business with Russians and relatives of judges

Remember the former head of the Tax Service of Ukraine, Roman Nasirov, who wrapped himself in a blanket, pretending to be seriously ill in...

2 months ago

This website uses cookies.