Bitcoin News Update: CoinShares Introduces TON ETP with No Fees and 2% Staking Returns Amid 60% Market Cap Drop

European digital asset manager CoinShares has introduced a

(CTON), even as the token’s market capitalization has dropped 59% so far this year to $5.7 billion at the time of writing. The new offering, CoinShares Physical Staked (CTON), started trading on Switzerland’s SIX Swiss Exchange on October 28, 2025, giving investors direct 1:1 access to tokens. This ETP provides a from network validator rewards and , making it one of the most attractive crypto ETPs in Europe.

This launch highlights CoinShares’ commitment to broadening institutional access to blockchain projects with tangible real-world applications. TON, which is integrated with Telegram’s user base of over 900 million, can process more than 104,000 transactions per second, blending robust infrastructure with widespread adoption. “TON is a rare case where blockchain technology connects established platforms with decentralized networks,” said Jean-Marie Mognetti, CEO and co-founder of CoinShares.

The debut of the ETP comes at a challenging time for TON. The token has lost almost 60% of its value this year, now ranking as the 35th largest cryptocurrency by market cap. Nevertheless, CoinShares points out that TON’s integration with Telegram and its technical strengths offer long-term potential for investors looking for diversified crypto exposure.

This isn’t CoinShares’ first involvement with TON. The asset is already part of the CoinShares Altcoins ETF (DIME), a U.S.-listed ETP launched in early October that also includes exposure to

(SOL), (DOT), and other alternative cryptocurrencies. The European ETP builds on this approach, providing a physically backed product with automatic yield accrual.

This announcement comes as global crypto ETPs experience significant inflows, fueled by expectations of interest rate cuts from the U.S. Federal Reserve. Last week, crypto ETPs worldwide

, with following softer-than-expected inflation numbers. While and altcoins such as Solana and saw smaller inflows, the overall movement points to rising institutional interest in digital assets.

CoinShares’ TON ETP is also part of a larger trend of European crypto companies eyeing the U.S. market. FalconX recently

, a Swiss ETP provider, while CoinShares is working toward a Nasdaq listing through a merger with a special-purpose acquisition company (SPAC). These developments underscore growing competition in the crypto ETP sector, as firms use regulatory clarity and yield-focused products to attract capital.

Toncoin’s price saw a modest uptick, climbing about 5% to $2.30 on the day the ETP launched. At the same time, Telegram’s Wallet app revealed plans to offer tokenized stocks and ETFs, further expanding its suite of financial services. Analysts believe TON’s future will depend on its ability to retain Telegram’s user base and drive innovation in decentralized applications.

As the crypto sector navigates shifting regulations and economic conditions, products like CoinShares’ TON ETP illustrate the industry’s growing sophistication. By merging institutional-grade infrastructure with attractive yields, these offerings aim to bridge the gap between traditional and digital finance, positioning altcoins such as TON as valuable assets in diversified investment portfolios.

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