WisdomTree has enabled staking for its WisdomTree Physical Ethereum (ETHW) exchange-traded product (ETP), which is backed by physical ether. ETHW, with $39 million in assets, can now participate in the Ethereum network’s staking to validate transactions and earn annual rewards ranging from 4% to 8%. The ETP was launched in 2021 and is listed on multiple European stock exchanges. This development follows Ethereum’s shift to a proof-of-stake consensus mechanism, enabled by the shapella upgrade, which allows for the withdrawal of staked ether and related rewards. Mirva Anttila, Director of Digital Assets Research at WisdomTree, highlighted the successful implementation of a risk-managed approach to provide staking rewards to investors.
WisdomTree’s Ethereum ETP (ETHW) Now Offers Staking for Ethereum Rewards