21Shares, a provider of cryptocurrency ETPs, has added a Lido DAO (LDO) exchange product to its lineup, giving investors an opportunity to bet on the changing value of the token of a major market participant in Staking liquid.
The Lido DAO ETP, which carries the highest risk rating due to market volatility and regulatory hesitance, has been listed on stock exchanges in 21 countries, like BX, Swiss, and Stuttgart, and comes with no success fee and a 2.5% management fee.
Currently, 21Shares is managing over $1.1 billion in their 37 crypto-ETPs, with the AUM of the Lido DAO product itself standing at $81,690.
According to Dune Analytics, more than 20 million ETH is locked in staking markets and 21Shares accounts for 31.6% of this, equalling 7.18 million ETH.
