ETC Group launches Ethereum staking ETP on XETRA

• It is the most efficient tool to receive rewards through ETH staking.
• It is an ETH staking ETP with the lowest total costs and highest yields on the market.
• Designed to deliver the best investor results.

Frankfurt, February 27, 2024 – ETC Group is proud to unveil the ETC Group Ethereum Staking ETP (ticker ET32, ISIN DE000A3G90G9), the latest ETP listed on Deutsche Börse XETRA. This ETP is a total return exchange-traded product that tracks Compass Ethereum Total Return. Monthly indices. Specifically tailored to meet the stringent requirements of institutional investors, ETC Group Ethereum Staking ETP delivers superior results compared to alternative staking services and other similar ETPs on the market. This is the first real institutional grade, low-cost, liquid and transparent staking ETP based on true benchmarks to ensure optimal investor outcomes.

Track the Compass Ethereum Total Return Monthly Index as a benchmark

Ethereum (ETH) is the second largest cryptocurrency by market capitalization. ETH Staking ETP is an investment vehicle that provides exposure to the price appreciation of Ether and additional returns in the form of staking rewards that are reinvested in the ETP. By tracking a powerful and transparent benchmark in the Compass Ethereum Total Return Monthly Index, investors can for the first time accurately assess performance against the overall ETH staking market rate and benefit from the lowest total costs and highest yielding Ethereum Stake ETPs on the market. there is. .

Staking is a way to generate revenue for cryptocurrency asset owners. When investors pledge cryptocurrency to verify transactions on a proof-of-stake (PoS) blockchain network like Ethereum, they contribute to the security of the blockchain and receive additional tokens as a reward. In many ways, staking is similar to stock dividends. Detailed information can be found in the digital asset staking guide recently published on the company’s website.

The maximum management fee for ETP is 0.65%. In addition to ETH price action, investors in ET32 also earn full ETH staking rewards, with a 10% staking service fee deducted from the total rewards. Earned rewards are reinvested in ETP to further benefit investors. The market rate for ETH staking returns is currently 3.5%, but may change depending on factors such as network activity and the total amount of Ethereum being staked.

Focus on investor returns and investor safety

There are several ways to stake ETH. Chanchal Samadder, Head of Product at ETC Group, points out that the key factors that determine a staking solution are transparency, cost, operational efficiency, liquidity, accessibility and rewards processing.

“With investor outcomes in mind, ETC Group has carefully considered all factors and designed what we believe to be the best Ethereum staking product on the market, offering the highest transparency, lowest total costs, and highest staking rewards. .” Samader concludes:

Investors can trade new ETPs, such as stocks or ETFs, through securities accounts with online brokers and banks that offer XETRA trading and crypto ETP trading. Ethereum Staking ETP is built on the same institutional-grade security and risk management expertise that applies to all ETC Group products. It is fully backed by the underlying digital assets, and counterparty risk is nullified through an independent custodian. The digital assets underpinning the ETP are held securely in cold storage by Zodia Custody, a market-leading professional institutional custodian, and staked through Blockdaemon, a leading blockchain infrastructure provider. All transactions are additionally independently monitored by a dedicated manager who has the right to veto each transaction. This is a unique feature developed by ETC Group to minimize operational risks and eliminate the potential for white-collar crime within the product cycle.

This product provides investors with a cost-effective, regulated, and secure way to leverage the benefits of Ethereum staking and diversify their cryptocurrency asset portfolio.

Samadder said: “As institutional investors grow their internal cryptocurrency capabilities and teams, we are gaining greater awareness of the key differences between Bitcoin and Ethereum. We believe that Bitcoin and Ethereum are highly complementary assets and should form the cornerstone of any allocation to digital assets. . With ET32, we strongly believe we have provided the first institutional-grade vehicle to capture the full economic opportunity of Ethereum, including its staking advantages.”

ET32 Trading Information

Key product features include:

• Low management fee of 0.65% per year.
• The highest reward goes to investors, with 90% of the total reward going to investors.
• For the first time, it is the only product that tracks a real total return benchmark, providing investors with transparency of returns.

Detailed information about a product will be provided after it is listed on the relevant product page on www.etc-group.com.
A complete list of ETC Group products, including all exchange listings and trading information, can be found at https://etc-group.com/products/.

Cryptocurrencies are highly volatile and your capital is at risk. The information contained in this press release should not under any circumstances be construed as an advertisement or other step in furtherance of an offering to private investors in the United Kingdom or a public offering in the United States or Canada. or a state, province or territory where the issuer or the issuer’s products have not been approved or registered for distribution or sale and the issuer’s prospectus has not been filed with its securities regulator. Full disclaimer: https://bit.ly/etcdisc.

About ETC Group (www.etc-group.com)
ETC Group was created to provide investors with the tools to access investment opportunities in the digital asset and blockchain ecosystem. The company develops innovative digital asset-backed securities, including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH), which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.

With a track record of over 3 years, ETC Group is comprised of an outstanding team of financial services professionals and entrepreneurs with experience across both digital assets and regulated markets. With product quality and safety at the core of its product creation approach, the company aims to continually launch best-in-class institutional grade publicly traded products.

As a company, ETC Group previously launched BTCE, the world’s first centrally cleared Bitcoin exchange-traded product, on Deutsche Börse XETRA, Europe’s largest ETF trading venue, and listed DA20, the world’s first crypto ETP tracking the MSCI index. . We aim for investment management products. DA20 tracks 20 cryptocurrency indices that account for 85% of the total cryptocurrency market capitalization, providing investors with broad market exposure.

A list of all exchanges and products, including trading information, can be found at https://etc-group.com/products/. For product-related inquiries, please contact investor@etc-group.com.

Media Contact:

Alexander Baylis
Email: alexander@finchpr.com
M: 07966659952

Source: ETC Group

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