New on Xetra: crypto ETN from 21Shares with access to the cryptocurrency Solana including staking premium
New on Xetra: crypto ETN from 21Shares with access to the cryptocurrency Solana including staking premium
A new crypto ETN issued by 21Shares has been tradable on Xetra and Börse Frankfurt since Thursday.
The 21Shares Solana Core Staking ETP offers investors simple and cost-effective access to the performance of the cryptocurrency Solana in combination with a staking premium, that is reinvested in the ETP to enhance performance.
Staking allows crypto holders to receive rewards. This is done by locking their coins in wallets that are used to validate network transactions on the blockchain. Investors can use this method not only to participate in the performance of the cryptocurrency, but also to benefit from the respective staking returns. The product is physically backed by the cryptocurrency.
Name | ISIN | Ongoing charges | Crypto currency |
21Shares Solana Core Staking ETP | 0.35 per cent | Solana |
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,359 ETFs, 197 ETCs and 250 ETNs. With this selection and an average monthly trading volume of more than €19 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.