21Shares, a blockchain industry leader, has announced the launch of the world's first Exchange Traded Product (ETP) offering exposure to Stacks (ASTX) following a listing on the Swiss BX Exchange. The 21Shares Stacking Staking ETP provides investors access to Stacks' promising crypto asset offering a potential for growth.
Stacks is a crypto asset protocol that enables users to create decentralized applications and secure smart contracts leveraging Bitcoin’s potential. The protocol has a market capitalization of $1.57 billion, a fraction of similarly promising crypto assets in the market. This opens the door for investors to benefit from the growth potential of this asset without physically owning it.
Arthur Krause, Director of 21Shares’ ETP Product, commented that the ASTX ETP of this firm is “a unique opportunity for investors, as there are no other investment products providing exposure to Stacks on the market”. 21Shares has improved its offering by adding staking to its Ether Core ETP and renaming it the 21Shares Ethereum Core Staking ETP which will be in effect following the Shapella upgrade on April 12. This upgrade allows Ethereum holders to withdraw should they choose to do so.
The popularity of the 21Shares products amongst investors has been great, with the company having its second best January ever in terms of AUM (Assets Under Management). Both the AETH and ABTC ETPs surpassing the $200 million mark and the company reporting $30 million in net new assets. This reinforces that investors are continuously looking for promising opportunities to benefit from the potential of the crypto markets.
In conclusion, 21Shares have managed to create a product that provides exposure to a powerful, promising crypto asset protocol. The project places particular emphasis on secure smart contracts and decentralized applications, enabling investors benefit from Stacks’ growth potential. The 21Shares ETP supports the Shapella upgrade, which will allow Ethereum holders to withdraw staked eth, while also monitoring overall performance to ensure a safe and sustained investment.
Natalie Harris
- 2023-04-04
Get Exposure to Stacks' Growth Potential with 21Shares Exchange Traded Product
21Shares, a blockchain industry leader, has announced the launch of the world's first Exchange Traded Product (ETP) offering exposure to Stacks (ASTX). The 21Shares Stacking Staking ETP provides investors access to Stacks' promising crypto asset offering a potential for growth.
