CoinShares has announced the availability of two new exchange traded products (ETPs): MATiC and Cosmos.
Coinshares noted that both ETPs are staked and physically backed providing exposure to the digital assets as well as an additional yield of 5%.
Frank Spiteri, Chief Revenue Officer at CoinShares, stated:
“With CoinShares’ Staked ETPs, investors are gaining exposure not only to the price of the underlying cryptocurrency, but also the additional yield associated with participating in that blockchain’s security. We are delighted with the positive feedback we’ve received around our staked crypto ETPs so far, and it is our expertise and experience within crypto markets, and crypto foundations which makes innovations like this possible within our products.”
MATIC is the native token of Polygon; a Proof of Stake blockchain tied to the Ethereum network.
Cosmos is the “world’s largest ecosystem of interconnected chains.” A proof of stake network, Cosmos allows users to create their own blockchains with their software development kit.
CoinShares is one of Europe’s largest digital asset investment firms. To boost interest in these new crypto ETPs, CoinShares has removed management fees.
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