According to a report from The Block, ETF issuer 21Shares has launched Toncoin collateralized exchange-traded products (ETPs) on the Swiss SIX exchange, known as TONN. These ETPs provide investors with rewards for collateralizing their Toncoin holdings, but come with an annual fee of 2.5%. The recent positive news surrounding Telegram, the messaging application closely associated with TON, has led to a 150% surge in TON’s value in March.
21Shares Launches Collateralized ETP TONN, TON Surges 150% in March