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Post: 21Shares Launches Toncoin Staking ETP on SIX Exchange: A Breakthrough in Crypto Investing

21Shares Launches Toncoin Staking ETP on SIX Exchange: A Breakthrough in Crypto Investing

Key Points:

  • 21Shares introduces Toncoin staking ETP, among the first in the world, trading on SIX Exchange as TONN.
  • This staking ETP by 21Shares is based on Toncoin (TON), a cryptocurrency.
  • The Toncoin Staking ETP is 100% physically backed and reinvest staking yields to enhance performance.
  • Trading of the product on the Swiss SIX Exchange starts on March 27.

21Shares Launched Toncoin Staking ETP:

21Shares has unveiled a new staking Exchange Traded Product (ETP) based on the cryptocurrency Toncoin (TON). This offering is among the pioneering TON ETPs globally.

Enhanced Performance and Backing:

The Toncoin Staking ETP is designed as a 100% physically backed product. It not only follows TON’s performance but also reinvests staking profits into the ETP, potentially boosting its overall performance.

Trading on SIX Exchange:

Starting on March 27, investors can access the Toncoin Staking ETP under the ticker symbol TONN on the Swiss SIX Exchange. This development opens up new opportunities for crypto investors looking to engage with TON.

Hot Take:

The launch of the Toncoin staking ETP showcases 21Shares’ commitment to providing innovative investment products in the cryptocurrency space. This move also supports the growing trend of staking as a means to earn passive income within the crypto ecosystem, catering to investor demands for diversified and lucrative crypto investment options.

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