21Shares launches Toncoin staking ETP on SIX Exchange
Cryptocurrency asset management company 21Shares has launched a Toncoin collateralized ETP on the SIX Swiss Exchange. The ETP, named TONN, aims to track the performance of Toncoin and reinvest the collateral-generated income into the ETP, providing investors with a way to earn staking rewards without setting up or managing staking nodes. 21Shares charges fees for its products, with TONN having an annual fee rate of 2.5%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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