21Shares recently introduced an exchange-traded product focused on Toncoin, which tracks asset price fluctuations and reinvests profits into staking. The newly launched 21Shares Toncoin Staking ETP is now available on the SIX Swiss Exchange under the TONN ticker. This innovative product offers investors a convenient way to participate in the staking ecosystem and quickly receive rewards.

Investors can benefit from staking Toncoin while leveraging the liquidity and convenience of traditional financial markets. The official website reports that $25 million has already been invested in the product, with a fund management fee of 2.5% per annum.

Toncoin (TON) experienced a slight reaction to this news, with the asset trading at $4.96 at the time of writing, down nearly 2.4% in the last 24 hours. Despite this, the coin has shown consistent growth over the past seven days and month, with prices increasing by 19% and 126%, respectively.

Since February, Toncoin has maintained positive momentum with the launch of various initiatives. The most recent initiative involved a 30 million TON distribution for user participation in ecosystem projects, aimed at expanding the TON user base.

In early March, Binance introduced perpetual futures on Toncoin with leverage up to 50x. These contracts also support a “multi-asset” mode, allowing trading with margin in multiple cryptocurrencies.

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