21Shares AG, a leading issuer of exchange-traded products, has made waves in the financial market by launching a new Toncoin staking ETP named TONN on the SIX Swiss Exchange. This move comes as Toncoin sees a significant rise in value, boosted by its recent integration with the messaging giant Telegram. TONN stands out by offering investors the chance to earn staking rewards without the hassle of managing a staking node. It tracks Toncoin’s performance and reinvests staking yields, with a management fee of 2.5% per annum. At its inception, TONN is expected to manage about $40 million in assets, indicating strong market interest.

21Shares, known for its broad portfolio of over 40 ETPs across more than ten exchanges, has confirmed its position as a crypto market innovator with approximately $7 billion in assets under management as of late March. The company’s co-founder and CEO, Hany Rashwan, highlighted the firm’s commitment to meeting investor demand for new and exciting financial products, emphasizing the strategic market analysis that led to TONN’s launch.

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