FRANKFURT, Germany (March 26, 2024) – As a reflection of its comprehensive and customizable approach to indexing, leading index provider MarketVector IndexesTM (“MarketVector”), in collaboration with staking services provider Figment Europe Ltd. (“Figment”), launched the MarketVectorTM Figment Ethereum Reward Index (MVETHF) along with the MarketVectorTM Solana Benchmark Rate (SOLBR) to underlie two new Exchange-Traded Products (ETPs) listed by Issuance.Swiss on the SIX Swiss Exchange.

The two ETPs, Figment Ethereum Plus Staking Rewards (ETHF) and Figment Solana Plus Staking Rewards (SOLF), aim to provide exposure to the underlying crypto asset plus the rewards generated through staking, including maximum extractable value (MEV).  The ETPs make it easier for investors to access staking rewards from ETH and SOL.

Setting a new standard for transparency and reward optimization in the crypto space, MVETHF is a true total return index, offering enhanced configurability, including daily rebalancing and dynamic subtraction of service provider fees. The index measures the price performance of ETH along with the staking rewards earned by staking Ethereum, using Figment's leading network-wide rewards indexing capabilities. This level of customization ensures that the index can promptly respond to changes in market conditions and investment strategies, maintaining its relevance and effectiveness.

“At the forefront of digital assets indexing, this partnership with Figment reflects our commitment to providing institutions and investors with exposure to leading assets,” said Martin Leinweber, Digital Assets Product Strategist at MarketVector. “This new index signals the industry-first availability asset managers and advisors have to customizable access to staking rewards,” he continued.

Press release