21Shares Improves Its Ether ETP by Introducing Pledge Feature and Changes Trading Symbol to “ETHC”

According to Beincrypto, asset management company 21Shares announced significant improvements to its Ethereum Core ETP, now incorporating a staking feature. With this upgrade, the product has been renamed Ethereum Core Staking ETP to better reflect its expanded functionality. The revamped product's trading code is ETHC and can be traded on major European exchanges including the Swiss Stock Exchange, Deutsche Börse Xetra and Euronext Amsterdam.

The company stated that this move aims to make it easier for institutional and retail investors across Europe to access Ethereum staking. It offers a novel way of earning returns from Ethereum's staking mechanism while maintaining a low-cost structure. The Ethereum Core Staking ETP is backed by physical Ethereum with a management fee of 0.21%.