Real-world impact, real conversations. 🌍@Benbybit took the stage at #Token2049 to share insights on RWA and the future of onchain finance, driving the discussion on how traditional assets meet Web3 innovation.#Token2049 #RWA #Web3Innovation #BlockchainForGood https://t.co/72zVZuEX99 ...

Core Viewpoint - 21Shares US LLC has announced enhancements to the 21Shares Ethereum ETF (TETH), including the introduction of staking and a 12-month waiver of the sponsor fee, aimed at providing investors with additional yield-generating opportunities and cost efficiency [1][3][4]. Group 1: Product Enhancements - The Trust will participate in Ethereum's network validation process through staking, allowing investors to benefit from the yield-generating potential of the protocol [2][11]. - TETH will continue to track the performance of ether, adjusted for the Trust's expenses and liabilities, while reflecting rewards from staking a portion of the Trust's ether [2][3]. - The total expense ratio (TER) for TETH is set at 0.21%, which will be fully waived for the first 12 months starting from October 9, 2025 [3]. Group 2: Market Position and Strategy - 21Shares manages over $12 billion in assets globally and has a significant presence across major exchanges in Europe and the U.S., indicating its strong market position [4]. - The introduction of staking to TETH is described as a natural evolution of Ethereum investment products in the U.S. market, reinforcing the company's goal to deliver institutional-grade crypto products [4]. - 21Shares also offers the ARK 21Shares Bitcoin ETF (ARKB), which has quickly established itself as a leading spot Bitcoin ETF in the U.S. with over $5.5 billion in assets under management [4]. Group 3: Company Background - 21Shares AG, an affiliate of 21Shares US LLC, is recognized as one of the world's leading cryptocurrency exchange-traded product providers, with a focus on making cryptocurrency more accessible to investors [6]. - The company has a seven-year track record of creating crypto exchange-traded funds listed on major securities exchanges globally, supported by a specialized research team and deep capital markets expertise [6].