A cryptocurrency company by the name of 21Shares, which is based in Switzerland, is going all-in on proof-of-stake (PoS) coins by launching a new cryptocurrency exchange-traded product (ETP) that focuses solely on staking. This decision was made in order to increase the chances of success of the company.

The company introduced a new exchange-traded product (ETP) on January 18, which was given the name 21Shares Staking Basket Index ETP. It is a cryptographic participation index that is intended to monitor up to ten different proof-of-stake coins simultaneously.

As a result of the merger with STAKE, 21Shares and its parent company, 21.co, now offer a combined total of 47 cryptocurrency exchange-traded product (ETP) offerings to investors in 12 different markets and 9 different countries.

Despite this, ETP performance has been strong through the first few weeks of 2023, with AXTZ performance gaining 38% YTD and ASOL performance up 78% YTD, respectively.

Krause noted that assets like Solana, which is widely related to the former FTX exchange, have not had any influence on the assets 21Shares has to offer and that this is something he has been emphasizing throughout the conversation. He said this is something he’s been highlighting throughout the conversation. As an example of what he meant, he said that “Solana, like virtually every other crypto asset, had sharp price declines in 2022 but did not suffer any fundamental damage that would prevent its inclusion in the index.” This was said to prove his point. In particular, it alluded to the statement that “Solana did not suffer any fundamental degradation that would prevent its inclusion in the index.”

The launch of STAKE on the market comes after several notable authorities from around the world raised concerns about cryptocurrency staking.