21Shares launches exchange-traded product LIDO for the Liquid Staking platform suitable for Lido DAO

ChainCatcher news, according to CoinDesk, cryptocurrency exchange-traded product (ETP) provider 21Shares has launched an exchange-traded product 21Shares Lido DAO ETP (LIDO) for the Liquid Staking platform of Lido DAO, which is an interest-free, open-ended security. Each series of products is associated with an index or a specific underlying asset Lido DAO. These products are offered to the public in 22 EU countries, including France, Germany, and Portugal, and are traded on several exchanges such as SIX Swiss Exchange, BX Exchange, and Stuttgart Exchange. The current assets under management (AUM) of the ETP is $100,000, while 21Shares' total assets under management exceed $1.1 billion.

21Shares classifies this product as the highest risk category 7, with several risks labeled as "high risk," including: capital protection market risk, regulatory risk, secondary market risk, risk of extraordinary events, and risk of rapid fluctuations in stock value. Cryptocurrency assets that may drop to zero. (source link)