Two new crypto ETNs issued by CoinShares are tradable on Xetra and via the Börse Frankfurt trading venue since Tuesday.
The two new exchange traded notes (ETNs) from CoinShares track the performance of the cryptocurrencies Cosmos and Polygon, each fully backed by the cryptocurrency itself. Additionally, investors benefit from the staking premium of five per cent annually, which is earned by depositing cryptocurrency for validation of transactions on the blockchain. The management fee is currently 0.0 per cent per year.
This brings CoinShares’ product offering to 13 crypto ETNs, all of which are fully physically collateralised and centrally cleared through Eurex Clearing.
| Name | Asset class | ISIN | Management fee / Staking Reward | Crypto currency |
| CoinShares Physical Staked Cosmos | ETN | GB00BNRRF980 | 0 per cent / 3 per cent | Cosmos |
| CoinShares Physical Staked Matic | ETN | GB00BNRRB013 | 0 per cent / 3 per cent | Polygon |