CoinShares introduces BNB Staking ETP with zero fees

CoinShares, a European digital asset investment firm, has introduced the CoinShares BNB Staking ETP, which trades under the ticker CBNB on the SIX Swiss Exchange. This new exchange-traded product is fully collateralized by on-chain BNB holdings and offers investors a 0.25% annual staking yield while charging zero management fees. BNB is the utility token for the BNB Chain, a blockchain supporting various decentralized applications. Jean-Marie Mognetti, CEO of CoinShares, stated that adding BNB reflects the maturation of digital asset markets and investor demand for regulated access to major blockchain ecosystems. Regulated staking ETPs are gaining popularity in Europe as a conventional way for investors to earn yield from proof-of-stake networks.

(Source：Crypto Briefing)