PANews reported on October 9th that, according to GlobeNewswire, 21Shares US LLC announced the introduction of Ethereum staking functionality for the 21Shares Ethereum ETF (TETH) and a 12-month sponsorship fee waiver, effective October 9th. TETH's total fee percentage (TER) is 0.21%, which is waived during the fee-free period. The fund will continue to track the CME CF Ether-Dollar Reference Rate and reflect staking rewards. 21Shares stated that it will stake a portion of its ETH to participate in network validation and generate returns. The company also manages the ARK 21Shares Bitcoin ETF (ARKB), with over $5.5 billion in AUM. The announcement also disclosed that TETH is not a registered investment company under the 1940 Act and carries a higher investment risk.PANews reported on October 9th that, according to GlobeNewswire, 21Shares US LLC announced the introduction of Ethereum staking functionality for the 21Shares Ethereum ETF (TETH) and a 12-month sponsorship fee waiver, effective October 9th. TETH's total fee percentage (TER) is 0.21%, which is waived during the fee-free period. The fund will continue to track the CME CF Ether-Dollar Reference Rate and reflect staking rewards. 21Shares stated that it will stake a portion of its ETH to participate in network validation and generate returns. The company also manages the ARK 21Shares Bitcoin ETF (ARKB), with over $5.5 billion in AUM. The announcement also disclosed that TETH is not a registered investment company under the 1940 Act and carries a higher investment risk.
21Shares announces its Ethereum ETF TETH joins staking and waives management fees for one year
PANews reported on October 9th that, according to GlobeNewswire, 21Shares US LLC announced the introduction of Ethereum staking functionality for the 21Shares Ethereum ETF (TETH) and a 12-month sponsorship fee waiver, effective October 9th. TETH's total fee percentage (TER) is 0.21%, which is waived during the fee-free period. The fund will continue to track the CME CF Ether-Dollar Reference Rate and reflect staking rewards. 21Shares stated that it will stake a portion of its ETH to participate in network validation and generate returns. The company also manages the ARK 21Shares Bitcoin ETF (ARKB), with over $5.5 billion in AUM. The announcement also disclosed that TETH is not a registered investment company under the 1940 Act and carries a higher investment risk.
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