FULL DISCLOSURE: This is sponsored content for Spirit Blockchain.
Spirit Blockchain (CSE: SPIR) is expecting its first exchange traded products to commence trading on April 10. The ETP’s are set to commence trading on both the SIX Swiss Exchange and the Deutsche Börse Xetra.
The development follows Spirit in late March announcing that its first products would soon be listed. The first of a suite of ETP’s to come to market included the Spirit Ethereum Yield+ ETP as well as the Spirit Solana Yield+ ETP, two products that have been designed to offer an institutional-grade means of investing in staking strategies for the Ethereum and Solana cryptocurrencies.
The products carry a management fee of 1.49%, and are the first to be released amid a pipeline of ETP’s that are set to focus on decentralized products. Planned future offers are to be focused on cross-chain opportunities, tokenized real-world assets, staking rewards and DeFi.
READ: Spirit Blockchain: The Hunt for Assets Under Management Begins
The new products are fully collateralized and physically backed by digital assets held within cold storage.
Spirit Blockchain last traded at $0.07 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.
