CoinShares Launches Cardano ETP With Staking Rewards of 3.0% p.a.

Rhea-AI Summary

CoinShares, Europe's largest digital asset investment firm, announced the launch of the world's first physically-backed Cardano exchange-traded product (ETP) on March 11, 2022. This innovative product allows investors to share in staking rewards of 3.0% p.a. while enjoying a 0.0% management fee. The ETP aims to enhance transparency and secure investment in Cardano's blockchain. With this launch, CoinShares expands its offerings to a total of seven ETPs this year, following a record-setting financial performance in 2021.

Positive

• Launch of the first physically-backed Cardano ETP with transparent staking rewards.
• Management fee reduced to 0.0% p.a., enhancing investor returns.
• Staking rewards of 3.0% p.a. provide additional income for investors.
• CoinShares has now launched a total of seven ETPs in 2022, indicating robust product development.

Negative

• None.

SAINT HELIER, Jersey, March 11, 2022 /PRNewswire/ -- CoinShares ("the Company") (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe's largest digital asset investment firm with US$3bn in AUM, today announced the launch of the world's first physically-backed Cardano exchange traded product (ETP) designed to share the rewards of staking with investors in a transparent way. CoinShares Physical Staked Cardano leverages the Company's technology platform to provide investors with exposure to Cardano and the rewards for participating in the blockchain's security.

CoinShares Physical Staked Cardano will be listed on Germany's main market Xetra and is the third ETP launched by CoinShares this year.

CoinShares Physical Staked Cardano 
Management Fee: Reduced to 0.0% p.a.
Staking Reward: 3.0% p.a.
ISIN: GB00BNRRF659
Ticker: CSDA
WKN: A3GVCX

The unique staking mechanism allows the Issuer to share staking rewards with investors by reducing the management fee and increasing the Coin Entitlement of the ETP each day, as staking rewards accrue. Staked coins do not move from the secure custodian where they are stored, and the ETPs remain 100% physically-backed at all times.

The Issuer formally announced on March 11, 2022, a reduction in the management fee to 0.0% p.a. and additional Staking Rewards of 3.0% p.a. for Cardano.

Townsend Lansing, Head of Product at CoinShares, commented on today's news, "Following the successful launch of our Staked Polkadot and Tezos ETPs on Xetra earlier this year, we are excited to add Cardano to our range of physically-backed staked products. This is the first Cardano ETP in the world to feature transparent staking rewards for investors, and we look forward to launching more digital asset ETPs with best-in-class structures in the coming months."

This launch brings the total number of ETPs launched on the CoinShares Physical ETP platform to seven and comes after the Company announced its Q4 & preliminary full-year 2021 results, which were the strongest full-year & fourth-quarter financial results in the Group's history.

About the CoinShares Group

CoinShares is Europe's largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS and the OTCQX under the ticker CNSRF.

Media Contact
Jay Morakis
+1 646 859 5951
press@coinshares.com

Certified Advisor
Mangold Fondkommission AB
+46 (0)8 503 015 50
ca@mangold.se

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SOURCE CoinShares Group

FAQ

What is the new Cardano ETP launched by CoinShares on March 11, 2022?

The new Cardano ETP is the world’s first physically-backed exchange-traded product that shares staking rewards with investors.

What are the benefits of investing in the CoinShares Physical Staked Cardano ETP?

Investors benefit from a 0.0% management fee and a staking reward of 3.0% p.a.

Where will the CoinShares Physical Staked Cardano ETP be listed?

The ETP will be listed on Germany's main market, Xetra.

How many ETPs has CoinShares launched in 2022?

CoinShares has launched a total of seven ETPs in 2022.

What financial performance did CoinShares achieve in 2021?

CoinShares reported the strongest full-year and fourth-quarter financial results in the Group's history.