21Shares renamed its Ethereum fund to 21Shares Ethereum Staking ETF and its Polkadot fund to 21Shares Polkadot Staking ETF, formalizing the staking functionality in their legal names. Starting August 27, all five funds will use FTSE indices to value shares, replacing CF Benchmarks rates whose license expires on August 31. Management fees will now be collected quarterly instead of weekly. Intesa Sanpaolo, Italy’s largest bank, reduced its Bitcoin fund stake by 94% last quarter while tripling its staked-Ethereum position, reflecting the growing appetite for yield-generating products.
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