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
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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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