Share this article
21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO
While the product offers investors single asset exposure to the liquid staking leader, the Switzerland-based firm classified it as a class 7 risk, the highest level.
Updated Jun 12, 2023, 6:33 p.m. Published Jun 12, 2023, 3:06 p.m.
21Shares, a provider of crypto exchange-traded products (ETP), introduced a way of gaining exposure to Lido DAO, offering traditional investors single asset exposure to the largest participant in the liquid-staking ecosystem.
According to the Switzerland-based company’s issue-specific summary, “21Shares Lido DAO ETP (LIDO) is a non-interest bearing, open-ended security. Each series of the product is linked to an index or specific underlying asset Lido DAO.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The products are offered to the general public in 22 European Union countries including France, Germany and Portugal and traded on several exchanges like SIX Swiss Exchange, BX Exchange and the Stuttgart Exchange. The ETP currently has $100,000 in assets under management (AUM), compared with 21Shares’ more than $1.1 billion total AUM.
21Shares has marked this product as “high risk” in several categories: market risk due to lack of capital protection, regulatory risk, secondary market risk, risk of the occurrence of an extraordinary event and the risk of a quick change in the value of a crypto asset that could drop to zero.
“We have classified this product as class 7 out of 7, which is the highest risk class,” 21Shares said in a document with the product’s key information. “This rates the potential losses from future performance at a very high level, and poor market conditions are very likely to impact the capacity of the fund to pay you.”
It is not uncommon to see a risk factor of 7 assigned to similar products by virtue of crypto's higher price volatility, according to 21Shares communications manager Megan Enright. In an email to CoinDesk Enright said that "this risk indicator aligns with the risk classification of products offered by other issuers as well, which take historical prices into account, and is set by the regulatory framework. Even in the traditional finance space, it is not uncommon to see risk factors of 6 or 7."
Liquid staking enables users to maintain liquidity, despite locking their cryptocurrency to earn rewards for securing a blockchain network. Lido, the dominant liquid staking player, has more than $13 billion ETH staked, commanding a 76% market share of liquid staking derivatives on Ethereum, data from blockchain analytics firm Nansen show.
See also: 21Shares Closes 6 Crypto Exchange-Traded Products
UPDATE: (June 12, 18:30 UTC): Added Enright's commentary
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
