21Shares US Appoints BlackRock ETF Strategy Director Federico Brokate as VP and Head of US Business

Federico Brokate brings extensive experience from his previous role at BlackRock, where he served as Director of America's iShares Business Strategy.

Crypto ETP issuer 21Shares is preparing to launch a spot ether exchange-traded fund (ETF) in the United States, but the ETF will not stake the underlying ether (ETH) to generate additional returns.

According to a report by Jamie Crawley for CoinDesk, 21Shares’ decision not to include staking is based on feedback from institutional investors, who are less interested in this feature compared to retail investors.

In a recent interview with CoinDesk, Ophelia Snyder, co-founder and president of 21Shares, shared her insights on the potential impact of this decision. Snyder suggests that institutional investors are unlikely to be concerned about this lack of staking, even though retail investors would be eager to have this feature built into the ETFs.

This divergence in preferences opens up the possibility for providers to offer separate, tailored products to cater to the needs of both groups. Snyder’s perspective comes as the U.S. Securities and Exchange Commission (SEC) appears poised to approve spot ether ETFs in the coming months, following the agency’s approval of key regulatory filings from applicants last嫩.

Snyder highlights that staked assets can have an impact on liquidity, citing the potential for ether’s unstaking period to extend to 22 days. This liquidity concern is a crucial consideration for institutional investors, who would likely prefer to see a proven track record of asset managers effectively navigating withdrawal delays and the associated risk management challenges.

21Shares, one of the largest crypto ETP issuers in Europe, is now preparing to launch a spot ether ETF in the United States. However, the ETF will not stake the underlying ether (ETH) to generate additional returns, a decision that could affect investor appetite.

According to a report by Jamie Crawley for CoinDesk, 21Shares’ decision not to include staking is based on feedback from institutional investors, who are less interested in this feature compared to retail investors.

In a recent interview with CoinDesk, Ophelia Snyder, co-founder and president of 21Shares, shared her insights on the potential impact of this decision. Snyder suggests that institutional investors are unlikely to be concerned about this lack of staking, even though retail investors would be eager to have this feature built into the ETFs.

This divergence in preferences opens up the possibility for providers to offer separate, tailored products to cater to the needs of both groups. Snyder’s perspective comes as the U.S. Securities and Exchange Commission (SEC) appears poised to approve spot ether ETFs in the coming months, following the agency’s approval of key regulatory filings from applicants last嫩.

Snyder highlights that staked assets can have an impact on liquidity, citing the potential for ether’s unstaking period to extend to 22 days. This liquidity concern is a crucial consideration for institutional investors, who would likely prefer to see a proven track record of asset managers effectively navigating withdrawal delays and the associated risk management challenges.

21Shares, one of the largest crypto ETP issuers in Europe, is now preparing to launch a spot ether ETF in the United States. However, the ETF will not stake the underlying ether (ETH) to generate additional returns, a decision that could affect investor appetite.

According to a report by Jamie Crawley for CoinDesk, 21Shares’ decision not to include staking is based on feedback from institutional investors, who are less interested in this feature compared to retail investors.

In a recent interview with CoinDesk, Ophelia Snyder, co-founder and president of 21Shares, shared her insights on the potential impact of this decision. Snyder suggests that institutional investors are unlikely to be concerned about this lack of staking, even though retail investors would be eager to have this feature built into the ETFs.

This divergence in preferences opens up the possibility for providers to offer separate, tailored products to cater to the needs of both groups. Snyder’s perspective comes as the U.S. Securities and Exchange Commission (SEC) appears poised to approve spot ether ETFs in the coming months, following the agency’s approval of key regulatory filings from applicants last嫩.

Snyder highlights that staked assets can have an impact on liquidity, citing the potential for ether’s unstaking period to extend to 22 days. This liquidity concern is a crucial consideration for institutional investors, who would likely prefer to see a proven track of record of asset managers effectively navigating withdrawal delays and the associated risk management challenges.

News source：https://www.kdj.com/cryptocurrencies-news/articles/shares-appoints-blackrock-etf-strategy-director-federico-brokate-vp-head-business.html

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