Figment and Apex set to launch ETH and SOL Staking ETPs on SIX Swiss Exchange

Figment Europe and Apex Group have joined forces to introduce Ethereum (ETH) and Solana (SOL) staking exchange-traded products (ETPs) on the SIX Swiss Exchange.

The collaboration aims to offer investors a seamless pathway to participate in staking rewards from these popular cryptocurrencies.

Debut of Ethereum and Solana Staking ETPs on SIX Swiss Exchange

Figment Europe and Apex Group are set to launch Figment Ethereum Plus Staking Rewards ETP (ETHF) and Figment Solana Plus Staking Rewards ETP (SOLF) on March 12, 2024.

These ETPs, fully backed by the respective underlying cryptocurrencies, provide investors with exposure to Ethereum and Solana prices while generating additional rewards through staking, including maximum extractable value (MEV).

ETHF and SOLF will track MarketVector indices, ensuring investors can benefit from staking rewards while bypassing the complexities associated with direct staking.

Staking, the process of depositing crypto assets on the blockchain to validate transactions, yields a premium returned to investors.

The two ETPs aim to capture rewards from both the consensus layer and the execution layer, enhancing investors’ potential returns.

Growing demand for staked crypto products

The launch of these staking ETPs follows a growing trend of demand for staked crypto products, particularly in Europe.

With the recent approval of bitcoin ETFs in the US, there has been increased interest in alternative investment vehicles offering exposure to digital assets.

Figment and Apex’s partnership underscores the need for accessible avenues for investors to participate in staking rewards, especially amid rising popularity and interest in Ethereum and Solana.

Figment Europe’s expertise in institutional staking services, coupled with Apex Group’s global financial services capabilities, positions the collaboration strongly in the burgeoning crypto investment market.

ETC Group’s unveiling of the ETC Group Ethereum Staking ETP (ET32) last month further illustrates the increasing traction of staked crypto products in the European market.

As institutions seek diversified exposure to digital assets, innovative investment vehicles like staking ETPs offer compelling opportunities to generate returns while managing risks effectively.

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