CoinShares Launches Staking ETP for Toncoin (TON) Despite Market Decline

European crypto asset manager CoinShares is doubling down on its commitment to Toncoin (TON) by launching a new staking Exchange-Traded Product (ETP), the CoinShares Physical Staked Toncoin (CTON).

The launch on the Swiss SIX Exchange on Tuesday comes despite a sharp market decline for TON, whose market capitalization has fallen by 59% this year to approximately $5.7 billion. CoinShares views the move as a long-term bet on TON's potential.

Key Features of the CTON ETP

• Staking Rewards: The ETP automatically provides investors with a 2% return from TON network validation rewards.
• Accessibility: It offers a streamlined, simple way for institutional investors to gain exposure to Toncoin.
• Trading: The product is tradable in US dollars.

This is CoinShares' second Toncoin-related product launched this month, signaling a focused strategy on the asset. In early October, the company included Toncoin in its CoinShares Altcoins ETF (DIME), launched in the United States.

October 2025, Cryptoniteuae