21Shares has added a staking feature to its Ethereum Core ETF, trading under the symbol ETHC.

PANews, November 20 - Swiss asset management company 21Shares has announced the addition of a staking feature to its Ethereum Core Exchange-Traded Product (ETP), renaming it to Ethereum Core Staking ETP (ETHC). The product is now listed on the SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.

ETHC supports Ethereum staking with a management fee of only 0.21%, offering an average Ethereum staking yield of approximately 3.17%. While European regulators support staking products, the SEC remains cautious about similar products, having rejected applications for Ethereum ETFs involving staking rewards. The current assets under management have reached $3.30 billion, covering 43 ETPs. Additionally, U.S. fund management company Bitwise recently launched the world's first Aptos Staking ETP (APTB), with a staking yield of about 4.7%, further driving competition and development in the staking market.