ETC Group Launches Ethereum-Tracking ETP on Deutsche Börse Xetra
ETC Group, a prominent provider of digital asset-backed securities, has expanded its cryptocurrency product range by introducing an Ethereum (ETH) staking exchange-traded product (ETP).
The ETC Group Ethereum Staking ETP (ET32) has been listed on Deutsche Börse’s Xetra platform, offering investors exposure to Ethereum’s price and additional staking rewards, the firm said in a Tuesday press release .
With a total expense ratio (TER) of 0.65%, ET32 aims to cater to the needs of institutional investors seeking to tap into the potential of Ethereum.
The ET32 ETP tracks the Compass Ethereum Total Return Monthly index, a benchmark designed to meet the requirements of institutional investors.
By utilizing staking, which involves depositing crypto assets on the blockchain to validate transactions, investors can earn not only from Ethereum’s price movements but also from the staking rewards generated.
However, a 10% staking service fee will be deducted from the total rewards received.
ETC Group has highlighted that the current staking yield market stands at 3.5%, although this figure is subject to change based on network activity and the total amount of Ethereum being staked.
The ETP’s tracking of the Compass benchmark enables investors to accurately assess performance in relation to the Ethereum staking market, providing a low-cost, liquid, and transparent staking ETP tailored for institutional-grade investors.
Chanchal Samadder, Head of Product at ETC Group, emphasized the growing recognition among institutional investors of the distinctions between Bitcoin and Ethereum.
As institutional players expand their internal capabilities and teams dedicated to cryptocurrencies, there is a greater appreciation for the
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