21Shares AG, an issuer of cryptocurrency exchange-traded products (ETP), has announced the launch of the 21Shares Celestia Staking ETP.
The new ETP gives investors access to Celestia’s staking returns with the added benefit of professional risk management, while avoiding the need to lock up assets directly.
Founded in October 2023, Celestia is a Layer 1 data availability modular network designed to revolutionize blockchain scaling and development. Its interoperable design leverages a unique consensus mechanism and data availability sampling (DAS) technology, making the blockchain infrastructure more secure and nearly 99% less expensive to maintain.
The 21Shares Celestia Staking ETP provides a regulated and 100% physically backed way for investors to capitalize on Celestia’s growth without directly owning the token itself.
“Celestia represents the future of blockchain architecture and we are excited to offer investors the opportunity to participate in its development through our Celestia ETP,” said Mandy Chiu, Head of Financial Product Development at 21Shares. “As the world’s largest cryptocurrency ETP issuer, we are committed to providing innovative investment products that unlock the potential of emerging blockchain technologies.”
The 21Shares Celestia ETP is available today for trading on Euronext Paris and Amsterdam, offering investors a convenient and secure route to access the transformative potential of Celestia and the wider blockchain ecosystem.