Issuance.Swiss has launched three crypto exchange traded products (ETPs) offering exposure to Ethereum, Solana and Cardano with staking rewards.
Figment Ethereum Plus Saking Rewards ETP (ETHF) and Figment Solana Plus Saking Rewards ETP (SOLF) are listed on the Swiss SIX exchange and have a total expense ratio (TER) of 1.5%.
The two ETPs are physically backed by underlying digital assets. They not only track the respective MarketVector-Figment reward indexes that provide the price of Ethereum and Solana, but also provide “all sources of rewards that validators earn” through staking at the consensus and execution layers. .
Josh Deems, Head of Institutional Business Development at Figment, commented: “ETP will help improve access to staking rewards for a wide range of people. We are proud to publish Figment with Apex. I have selected.”
Within a week, Issuance.Swiss partnered with Swiss-based protocol Liqwid Finance to list Liqwid (CASL) Cardano Staking ETP on the SIX Swiss Exchange at TER 1.5%.
CASL is physically backed by ADA tokens held in cold storage. Staking of the underlying assets is done by Liqwid on the Cardano Network.
Florian Volery, co-founder of Liqwid Finance, said:
“We will go a step further and leverage ADA's superior assets and redistribute the profits to our investors.”
With three launches, the 21Shares Toncoin Staking ETP (TONN) was listed on the Swiss SIX exchange on Wednesday, marking an active month for crypto staking ETP product development.