21Shares AG, an issuer of cryptocurrency exchange-traded products, has launched the 21Shares Stacks Staking ETP (ASTX). This is the world’s first ETP to give investors exposure to Stacks.
Stacks is a crypto system that lets Bitcoin reach its full potential to create smart contracts and decentralized apps. By expanding Bitcoin’s primary purpose as a store-of-value asset and payment system, Stacks offers a greater range of possibilities.
Director of ETP Product at 21.co, parent company of 21Shares, Arthur Krause, said:
ASTX provides a unique opportunity for investors, as there are currently no other investment products providing exposure to Stacks on the market. At 21Shares, we pride ourselves on continually bringing first-to-market products to investors in a safe and regulated manner. Our ETPs allow investors to access innovative and promising crypto assets through trusted investment vehicles.
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