21Shares Introduces Ethereum Staking ETP on London Stock Exchange – Can it Propel ETH price to $4,000?

• 21Shares has launched the Ethereum Staking ETP on the London Stock Exchange.
• This move could potentially drive Ethereum’s price to $4,000.

The 21Shares Ethereum Staking ETP (AETH), 100% physically backed by Ether (ETH), the second-largest cryptocurrency by market cap, is designed to track the performance of ETH while delivering reinvested staking yields for enhanced returns. With the longest track record of any physical ETH product on the market, AETH stands out as a reliable investment option.

Recent Developments and Market Impact

21Shares recently announced that their premier Ethereum Staking ETP (AETH) is now available on the London Stock Exchange. This update aligns with recent news from CNF highlighting Ethereum’s value surpassing $2.4K. This surge is influenced by Ark Invest and 21Shares updating their Spot ETH ETF proposal to mirror the structure of recently approved Spot BTC ETFs.

According to a recent tweet by 21Shares, the company shared that AETH, their premier Ethereum Staking ETP, is now on the LSE. Backed by Ether, it offers performance tracking and reinvested staking yields without asset lock-in, with performance updates provided monthly. Dive into the future of finance.

AETH, our premier Ethereum Staking ETP, is now on the LSE! Backed by Ether, it offers performance tracking & reinvested staking yields. No asset lock-in. Performance updates monthly. Dive into the future of finance! https://t.co/nTs5yPAfEY pic.twitter.com/tNf9BWczLt

— 21Shares (@21Shares) June 21, 2024

Can AETH Propel ETH Price to $4,000?

With the launch of the 21Shares Ethereum Staking ETP (AETH) on the London Stock Exchange, there is significant potential for Ethereum’s price to rise. The ETP’s unique features, such as tracking the performance of ETH and delivering staking yields, offer investors attractive returns.

The reinvested staking yields, capped at 1.63%, enhance the ETP’s performance, making it a compelling investment option. The underlying ETP asset is kept in cold storage with an institutional-grade custodian, offering superior protection and security. This could attract more institutional investors, driving demand and potentially pushing ETH’s price towards $4,000.

As investors flock to AETH for its reliability and performance, the increased demand for Ethereum could significantly boost its price, positioning AETH as a key player in Ethereum’s market growth.

Professional Risk Management and Future Prospects

According to 21Shares,

With AETH, investors can access staking yields with the benefit of professional risk management while avoiding the need to lock assets.

The SEC approved the proposed rule change on May 23, along with seven other proposals. Although trading has not yet begun, applicants for the spot Ethereum ETF are diligently submitting their S-1 amendments. It is anticipated that the spot Ethereum ETF will soon enter the market.

As of now, ETH trades at $3,421.66, a decrease of 2.44% in the past day and 5.16% over the past week. See the ETH price chart below to view its performance.