CoinShares Launches 2% Yield Staked Toncoin ETP on SIX
CoinShares has debuted its Staked Toncoin ETP (CTON) on the SIX Swiss Exchange, offering direct Toncoin (TON) exposure with a built-in 2% annual staking yield. The Staked Toncoin ETP, launched after a merger with SPAC Vine Hill Capital Investment Corp., automatically accrues rewards from The Open Network’s validation process. Despite TON’s 59% year-to-date drop to a $5.7 billion market cap and trading around $2.30, CoinShares emphasizes the network’s high throughput of over 104,000 transactions per second and access to Telegram’s 900 million users to support long-term growth. TON was also added to CoinShares’ Altcoins ETF (DIME) alongside SOL, DOT, ADA and ATOM. On launch day, TON gained about 5%, reflecting positive market response to the new Staked Toncoin ETP.
Bullish
Listing the Staked Toncoin ETP on SIX with an inherent 2% yield provides investors an accessible, regulated vehicle to earn rewards on TON holdings, which directly strengthens demand. The immediate ~5% price bump on launch day underscores market enthusiasm. Short-term, this product is expected to attract speculative flows into TON, boosting liquidity and volatility. Longer-term, the ETP’s formal structure and CoinShares’ backing, combined with TON’s high network throughput and Telegram integration, increase institutional credibility, supporting sustained growth and price appreciation.