Issuance.Swiss has launched three crypto exchange-traded products (ETPs) offering exposure to Ethereum, Solana and Cardano with staking rewards.
Figment Ethereum Plus Stakeing Rewards ETP (ETHF) and Figment Solana Plus Stakeing Rewards ETP (SOLF) are listed on the SIX Swiss Exchange with total expense ratios (TERs) of 1.5%.
Both exchange-traded products are actually backed by their underlying digital assets. They track its MarketVector-Figure reward indices which provide exposure to Ethereum and Solana prices as well as “all sources of rewards earned by validators” through staking on the consensus and execution layer.
“Exchange-traded products will make accumulating rewards more accessible to a wide audience and we at Figment are proud that Apex and Issue.Swiss have chosen Figment to be part of this development,” commented Josh Deems, Institutional Business Development Officer at Figment.
Within a week, Issuance.Swiss partnered with Switzerland-based protocol Liqwid Finance to list the Cardano Scking ETP by Liqwid (CASL) on the Swiss SIX Exchange at a TER of 1.5%.
CASL is actually backed by ADA tokens stored in cold storage. The storage of the underlying assets is performed by Liqwid on the Cardano network.
“Until now, most of the financial instruments available to investors in the world of cryptocurrencies have given them access to developments in the underlying assets,” said Florian Follieri, co-founder of Liqwid Finance.
“We are going one step further, operationalizing ADA-eligible assets and redistributing the benefits to investors.”
The trio of launches add to an active month in the development of cryptocurrency harvesting ETP products, with the 21Shares Toncoin Scking ETP (TONN) listing on the Swiss SIX exchange on Wednesday.
