Ethereum Staking ETPs Take the Spotlight From Bitcoin ETFs
Key Takeaways
- •21Shares' ETHC staking ETP accrues staking yield daily to its net asset value, charges a 0.10% product fee, and is 100% physically backed by ETH held in cold storage by an institutional-grade custodian.
- •Staking ETPs hold assets in segregated cold storage, delegate staking to institutional providers, and apply rewards after fees to net asset value ahead of quarterly cash distributions, with a liquidity buffer covering unstaking delays.
- •The SEC approved filings permitting staking in spot Ethereum ETPs in September 2025, according to a 21Shares report for advisors.
- •Solana staking ETPs surpassed $1 billion in assets under management within one month of their November launch.
- •21Shares cautions that crypto assets involve substantial risk and that past performance is not an indication of future results.

In the latest Bitcoin ETF news, Ethereum staking products are drawing significant attention away from BTC, as staking has become an important feature of crypto exchange-traded products that allow investors to seek blockchain rewards through a brokerage account rather than managing the process directly.
21Shares describes staking as locking up an amount of an asset to verify transactions on a blockchain network, such as Ethereum or Solana, in exchange for rewards tied to the amount staked. The firm's 21Shares Ethereum Core Staking ETP, known by the ticker ETHC, illustrates how that structure can work. According to the product page, staking yield accrues daily to the ETP's net asset value, while the 30-day average yield serves as a smoother measure of performance over time.
ETHC's Staking Structure Draws Attention From BTC ETFs
21Shares says ETHC gives investors access to staking yields without locking up their assets. The product page states that individual investors seeking staking benefits can face high investment thresholds and withdrawal waits, while ETHC is designed to provide access with professional risk management.
The page also lists a 0.10% product fee and states that ETHC is 100% physically backed by the underlying ETH, which is held in cold storage by an institutional-grade custodian. The ETP is listed under the ticker ETHC and is available on several European exchanges.
That design matters because staking has historically required investors to handle technical steps and timing constraints themselves, while ETP structures package those functions into a regulated market wrapper that can be bought and sold through a standard account. For market participants comparing crypto products, the point is less about replacing direct ownership than about how access, custody, and reward distribution are being bundled together inside one instrument.
How Staking Fits Into ETPs
In a report for advisors, 21Shares says staking ETPs can deliver rewards within standard brokerage infrastructure. The firm says assets are held in physically backed, segregated cold storage; staking is delegated to institutional-grade providers; and rewards, after fees and expenses, accrue to the net asset value before the ETP's quarterly cash distributions.
21Shares also says a dedicated liquidity buffer can address the delay between unstaking and receiving assets, a delay that can complicate daily redemptions. The report presents staking through ETPs as a way for advisors and investors to access the potential rewards of staking without directly managing private keys, unbonding periods, or on-chain reward events.
Regulatory and Product Development
According to 21Shares' report, the SEC approved filings permitting staking in spot Ethereum ETPs in September 2025. The report also says Solana staking ETPs crossed $1Bn in assets under management within a month of their November launch.
Those developments point to a growing focus on how crypto ETPs can incorporate staking alongside asset exposure, with product issuers now competing not only on fees and custody, but also on how they structure yield and settlement mechanics. As with other crypto-linked products, 21Shares cautions that crypto assets involve substantial risk and that past performance is not an indication of future results.