CoinShares, one of Europe’s largest digital asset investment firms, announced that it has partnered with FTX to launch its Solana exchange-traded product (ETP) with staking rewards and low service fees.
From the official Twitter of CoinShares Posted on March 23 to the shipment byfor Solana ETP staking rewards yearly 3% and service fee 0% determined to be.
Wanting to transparently share staking rewards with investors, CoinShares’ new ETP is the value of the investment it manages on behalf of customers. 1 million SOL (approximately $90 million) will be released to the market.
Sam Bankman-Fried, founder and CEO of FTX Global, known for his adoration of Solana, made a statement on the subject:
FTX is a company that always tries to offer innovative products to its customers. CoinShares has a proven track record of providing innovative crypto assets to European investors for nearly 10 years. This makes them an important partner for corporate collaborations.
said.
Also, the CEO said, “We are excited to work with CoinShares and look forward to further collaboration.” made statements.
According to a press release published on January 26, CoinShares announced that it will list Tezos and Polkadot ETPs. Also for Tezos (XTZ) ETP 3% per annumfor Polkadot (DOT) ETP 5% per year that staking rewards will be given and almost nothing for both ETPs. He stated that he would not be charged a service fee.
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