CoinShares Launches Zero-Fee BNB Staking ETP Offering On-Chain Rewards

According to CoinShares, the regulated product launched on March 4 enables investors to gain BNB exposure while earning staking (locking crypto to earn rewards) yields directly on-chain with no management fees.

BNB

Summary

CoinShares introduced its BNB Staking Exchange-Traded Product (ETP) on March 4, providing investors access to Binance Coin (BNB) yield through on-chain staking mechanisms. The product operates under a regulated framework and charges a 0% fee rate. This move extends CoinShares’ suite of crypto investment vehicles, emphasizing transparency and efficiency while delivering staking-based income to holders via blockchain-based yield distribution.

Terms & Concepts
  • BNB Staking: The process of locking Binance Coin (BNB) on a blockchain to earn rewards distributed through on-chain validation.
  • ETP (Exchange-Traded Product): A regulated market-traded instrument that tracks the performance of an underlying asset, such as cryptocurrencies or commodities.
  • On-Chain Yield: Rewards generated directly on the blockchain from participating in activities like staking or validation.