{"id":420352,"date":"2022-03-23T14:43:00","date_gmt":"2022-03-23T11:43:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-and-coinshares-launch-physical-staked-solana-etp\/"},"modified":"2022-03-23T14:43:00","modified_gmt":"2022-03-23T11:43:00","slug":"ftx-and-coinshares-launch-physical-staked-solana-etp","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-and-coinshares-launch-physical-staked-solana-etp\/","title":{"rendered":"# FTX and CoinShares launch physical staked Solana ETP"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3cd15c16b7d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3cd15c16b7d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-and-coinshares-launch-physical-staked-solana-etp\/#%E2%80%9D_FTX_and_CoinShares_launch_physical_staked_Solana_ETP_%E2%80%9C\" >&#8221; FTX and CoinShares launch physical staked Solana ETP &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_and_CoinShares_launch_physical_staked_Solana_ETP_%E2%80%9C\"><\/span>&#8221; FTX and CoinShares launch physical staked Solana ETP &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZGZjNGQ1YzktZDA5Mi00MDI1LTgwZmItZjE4MWUyODkyODY4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>CoinShares, one of the largest crypto investment firms in Europe, and FTX crypto exchange have united forces to launch a new physically-backed Solana (SOL) exchange-traded product (ETP).<\/p>\n<p>The new product, titled CoinShares FTX Physical Staked Solana, is launching with 1 million SOL in seed capital, allowing investors to get 3% in staking rewards, CoinShares officially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinshares.com\/news\/coinshares-and-ftx-solana-etp\">announced<\/a> on Wednesday.\u00a0The new cryptocurrency ETP is the first initiative between FTX and CoinShares.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">[1\/5] We are excited to announce that we&#8217;ve partnered with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FTX_Official?ref_src=twsrc%5Etfw\">@FTX_Official<\/a> and our first initiative is to launch a physically staked Solana ETP with SOL1mn seed capital, Staking Rewards of 3.0% p.a, and a reduced management fee of 0.0% p.a. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dCq5H2CH1c\">pic.twitter.com\/dCq5H2CH1c<\/a><\/p>\n<p>\u2014 CoinShares \u200d (@CoinSharesCo) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1506541997720584195?ref_src=twsrc%5Etfw\">March 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe product will be listed on Germany\u2019s major digital market Xetra and is the fourth ETP rolled out by CoinShares in 2022. The firm previously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinshares.com\/news\/coinshares-launches-cardano-etp-with-staking-rewards-of-3-0-p-a\">launched<\/a> the CoinShares Physical Staked Cardano ETP in early March after starting trading the CoinShares Physical Staked Tezos ETP and the CoinShares Physical Staked Polkadot ETP in January.\u00a0<\/p>\n<p>Similarly to previously launched staked ETPs, the new CoinShares FTX Physical Staked Solana has a unique staking mechanism that allows issuers to share staking rewards with investors by reducing the management fee and increasing the coin entitlement of the ETP each day.<\/p>\n<p>\u201cStaked coins do not move from the secure custodian where they are stored, and the ETPs remain 100% physically-backed at all times,\u201d CoinShares noted in the announcement.<\/p>\n<p>FTX CEO Sam Bankman-Fried noted that the latest ETP launch follows the launch of FTC Access, a new tool combining the expertise behind FTX and FTX US to provide global institutional clients with access to digital asset products, adding:<\/p>\n<blockquote><p>\u201cThe goal of FTX Access is to bring institutional-grade services and products to market in a cost-effective manner. CoinShares has a proven track record of providing European investors with innovative and regulated crypto-asset investment vehicles for close to a decade.<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>SEC pushes decisions on WisdomTree\u2019s and One River\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications for spot Bitcoin ETFs<\/em><\/strong><\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> comes shortly after FTX officially announced the expansion in Europe in early March after receiving approval from the Cyprus Securities and Exchange Commission. One of the world\u2019s fastest-growing cryptocurrency companies, FTX in mid-March also won a license in Dubai to open local headquarters and offer crypto derivatives products.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-and-coinshares-launch-physical-staked-solana-etp\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX and CoinShares launch physical staked Solana ETP &#8220; CoinShares, one of the largest crypto investment firms in Europe, and FTX crypto exchange have united forces to launch a new physically-backed Solana (SOL) exchange-traded product (ETP). The new product, titled CoinShares FTX Physical Staked Solana, is launching with 1 million SOL in seed capital,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":420353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZGZjNGQ1YzktZDA5Mi00MDI1LTgwZmItZjE4MWUyODkyODY4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76377,74863,80064,89897,92498,117],"class_list":["post-420352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-coinshares","tag-cryptocurrencies","tag-partnership","tag-sam-bankman-fried","tag-solana","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=420352"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/420353"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=420352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=420352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=420352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}