TechFlow news — European digital asset investment firm CoinShares and exchange FTX have announced a partnership to launch the world’s first physically-backed Solana exchange-traded product (ETP), designed to share staking returns with investors in a transparent manner.
The Solana ETP, the first joint product from FTX and CoinShares, is seeded with one million SOL, offers an annual staking yield of 3.0%, and carries a management fee of 0.0%.
FTX CEO SBF commented: "The goal of FTX Access is to bring institutional-grade services and products to market in an economical and efficient way. We aim to launch truly innovative products that add value for our clients. CoinShares has a strong track record spanning nearly a decade of providing innovative and regulated crypto investment solutions to European investors. We’re excited to partner with CoinShares to give investors access to the Solana ecosystem, and look forward to further collaborations."
