Figment and Apex Group will launch Ethereum and Solana staking ETP

ChainCatcher news, according to THE BLOCK, staking infrastructure providers Figment Europe and Apex Group will launch Ethereum and Solana staking exchange-traded products on the SIX Swiss Exchange.

These products are designed to provide institutions with a convenient way to earn staking rewards, operating under familiar ETP wrappers through traditional brokers or banks. These ETPs have a management fee of 1.5% and can be issued through Issuance.Swiss. Although ETPs reduce complexity, the staking yields offered are significantly lower than those of crypto-native solutions.