CoinShares Digital Securities Limited: Update on Ethereum Merge and Staking Opportunities

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CoinShares remains committed to offering staking opportunities to investors via its ETPs.

Metadata

Provider:

EQS

Retrieved on:

Thursday, August 18, 2022

Information

Tags:

Ethereum, London Stock Exchange, London, Financial Conduct Authority, ETP, United Kingdom, RNS, Cryptocurrency

Geotags:

JERSEY GUERNSEY

⚠ generated by AI ↴

Organisation:

COINSHARES DIGITAL SECURITIES LIMITED

Stock Symbol:

ISIN:GB00BNRRFW10

Summary

Key Points:

CoinShares remains committed to offering staking opportunities to investors via its ETPs.
management fee and staking rewards ranging from 2% to 5% p.a.
To that end, we have noted the recent announcement of the completion of the Ethereum Merge planned for mid-September 2022.
As a result, as it stands, we do not currently feel there is sufficient information to determine when, how (and indeed, even if) we will be able to share staking rewards associated with Ethereum.

CoinShares Digital Securities Limited

/ Key word(s): Miscellaneous

CoinShares Digital Securities Limited: Update on Ethereum Merge and Staking Opportunities

18.08.2022 / 07:00 CET/CEST

August 18^th, 2022

CoinShares Digital Securities Limited

Update on Ethereum Merge and Staking Opportunities

CoinShares remains committed to offering staking opportunities to investors via its ETPs. We currently have seven ETPs listed that offer a 0% p.a. management fee and staking rewards ranging from 2% to 5% p.a.

Before we undertake to share staking rewards, we complete an extensive due diligence process on the protocol requirements, including examination of the bonding/unbonding process, the liquidity, and any lock-up and slashing risks, to ensure that sharing staking rewards is appropriate for an ETP structure.

To that end, we have noted the recent announcement of the completion of the Ethereum Merge planned for mid-September 2022. We also note, however, that many of the details around the staking process remain undefined, except that we do know that there will be an (i) initial waiting period, lasting between 6 and 12 months, before unbonding of existing staked coins will be permitted; and (ii) an additional "queue" before all those existing staked coins are unbonded.

As a result, as it stands, we do not currently feel there is sufficient information to determine when, how (and indeed, even if) we will be able to share staking rewards associated with Ethereum.

We remain committed to investigating this and will continue to monitor the situation as it develops. Once we have sufficient information, we will share our plans with investors.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

End of Media Release

Language:	English
Company:	CoinShares Digital Securities Limited
	2 Hill Street
	JE2 4UA St Helier
	Jersey Guernsey
Phone:	+44 1534513100
E-mail:	[email protected]
Internet:	https://coinshares.com/
ISIN:	GB00BNRRFW10, GB00BMWB4803, GB00BNRRF659, GB00BNRRFY34
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; SIX Swiss Exchange
EQS News ID:	1422751


End of News	EQS News Service

1422751 18.08.2022 CET/CEST