21Shares Debuts Crypto Staking ETP On BX Swiss Alternate

Switzerland-based fully cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a novel crypto alternate-traded product (ETP) dedicated to staking.

On Jan. 18, the firm launched the 21Shares Staking Basket Index ETP, a crypto staking index designed to tune up to 10 PoS cryptocurrencies. The ETP straight starts procuring and selling on the native inventory alternate BX Swiss under the ticker STAKE.