CoinShares shares ETH staking yield with ETP clients

CoinShares is taking steps to attract more investors to the cryptocurrency sector by sharing a portion of the staking rewards from its Ethereum exchange-traded product (ETP). Investors in the CoinShares Physical Ethereum ETP will receive a 1.25% staking reward per year. This reward is distributed by adjusting the “coin entitlement,” which is the amount of underlying assets required to create and redeem the security. By reducing the management fee to 0% and adjusting the coin entitlement daily with the staking reward, CoinShares aims to offer good value to investors looking to participate in staking via ETPs. CoinShares has previously reduced fees and introduced staking rewards for its other ETPs, such as Tezos and Polkadot. The company recently acquired the fund arm of Valkyrie Investments, a US bitcoin ETF issuer, and has lowered the fee on its Physical Bitcoin ETP in line with competitive fee levels in the US.