Spirit Blockchain To Launch First Ethereum, Solana Exchange Traded Products
FULL DISCLOSURE: This is sponsored content for Spirit Blockchain.
Spirit Blockchain (CSE: SPIR) is set to see its Spirit Digital AG subsidiary launch the first of its exchange traded products.
The ETPs are set to be listed on both the SIX Swiss Exchange and the Deutsche Borse Frankfurt. The new offerings are said to “bridge traditional finance with the world of blockchain.”
The new products to be listed include the Spirit Ethereum Yield+ ETP, and the Spirit Solana Yield+ ETP. The two products have been designed to offer investors an institutional-grade means of investing in Ethereum and Solana staking strategies, thereby bridging decentralized finance with traditional regulated markets.
Both of the exchange traded products are fully collateralized and physically backed by the digital assets, which are to be held in cold storage wallets.
READ: Spirit Blockchain Partners With Astralane To Launch Staked SOL Index/ETP With Up To 11% APY
“This launch demonstrates how we are uniquely positioned to provide structured, compliant, and yield-generating blockchain investment solutions. Our model is designed for efficiency, enabling us to rapidly expand our offerings across different digital asset categories,” commented Lewis Bateman, CEO of Spirit.
The products, which carry a management fee of 1.49%, are said to be the first in a pipeline of diverse ETPs that will focus on decentralized products. Future products are to be focused on DeFi, staking rewards, tokenized real-world assets, and cross-chain opportunities.
WATCH: Tokenized Assets: Is Digital Finance the Future? | Lewis Bateman – Spirit Blockchain
“We are building the infrastructure for the next generation of digital asset investment products, seamlessly integrating blockchain finance into traditional markets. This launch is a testament to our commitment to innovation and efficiency, and it’s only the beginning,” continued Bateman.
Spirit Blockchain last traded at $0.10 on the CSE.
FULL DISCLOSURE: Spirit Blockchain is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Spirit Blockchain. The author has been compensated to cover Spirit Blockchain on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
