CoinShares Makes a Bold Bet on Telegram’s TON, Launching Staking ETP Amid Price Slump

Reading Time: < 1 minute

European digital asset manager CoinShares has launched a dedicated, staked Exchange-Traded Product (ETP) for Toncoin, even as the cryptocurrency’s value has sharply declined.

The new product, CoinShares Physical Staked Toncoin (CTON), began trading on the SIX Swiss Exchange. It offers investors exposure to TON and automatically generates a 2% staking yield, all within a regulated framework.

This strategic move comes during a challenging period for Toncoin, which has seen its market capitalization fall 59% year-to-date to $5.7 billion. CoinShares is explicitly betting on the network’s long-term potential, citing its deep integration with Telegram.

“With Telegram’s 900+ million active users and TON’s high-performance capabilities… the blockchain combines technical performance with existing market reach,” the company stated.

This is CoinShares’ second TON-focused product following the recent launch of its US-traded Altcoins ETF (DIME), underscoring a concerted strategy to capitalize on the Telegram ecosystem.