Figment and Apex Group will launch Ethereum and Solana staking ETP

2024-03-07 15:14:31
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ChainCatcher news, according to THE BLOCK, staking infrastructure providers Figment Europe and Apex Group will launch Ethereum and Solana staking exchange-traded products on the SIX Swiss Exchange.

These products are designed to provide institutions with a convenient way to earn staking rewards, operating under familiar ETP wrappers through traditional brokers or banks. These ETPs have a management fee of 1.5% and can be issued through Issuance.Swiss. Although ETPs reduce complexity, the staking yields offered are significantly lower than those of crypto-native solutions.

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