CoinShares Launches Toncoin ETP With 2% Yield
CoinShares unveils a new Toncoin ETP offering 2% yield amid Toncoin’s market cap dip below $6 billion.
- CoinShares introduces a Toncoin ETP with 2% annual yield
- Launch comes as Toncoin’s market cap drops under $6B
- ETP aims to offer exposure and passive income for investors
Europe’s largest digital asset investment firm, CoinShares, has launched a new Exchange Traded Product (ETP) based on Toncoin (TON), the native token of The Open Network. The new product, called CoinShares Physical Staked Toncoin, offers investors a 2% annual staking yield while providing secure and regulated exposure to the token.
This launch marks CoinShares’ latest move to expand its lineup of crypto-backed financial instruments, even as Toncoin’s market cap recently dipped below the $6 billion mark. Despite the downturn, CoinShares is signaling long-term confidence in Toncoin’s role in the Web3 and messaging ecosystem.
What the Toncoin ETP Offers Investors
The CoinShares Physical Staked Toncoin is designed for institutional and retail investors seeking both exposure to Toncoin and passive income through staking. The ETP structure simplifies access to TON while allowing investors to earn yield without dealing directly with staking infrastructure.
Toncoin is closely tied to Telegram, one of the largest messaging apps globally. With Telegram’s growing integration of blockchain features—like crypto payments and mini-apps—Toncoin continues to play a central role in the platform’s crypto strategy.
Timing and Market Conditions
The timing of this launch is noteworthy. TON’s price and market cap have been declining, reflecting broader market volatility. Its market cap recently slipped under $6 billion, raising concerns among traders. However, CoinShares’ move may be seen as a strategic play to capitalize on the dip, anticipating future growth tied to Telegram’s adoption of blockchain tech.
CoinShares has previously issued ETPs for other tokens like Bitcoin, Ethereum, and Solana. The addition of Toncoin reflects the firm’s effort to diversify its offerings and respond to investor interest in newer Layer-1 blockchain assets.
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