CoinShares Lists Zero-Fee Toncoin Staking ETP on SIX Swiss Exchange

Overview

• Trading under ticker CTON, the product is 100% physically backed, carries no management fee, and passes through roughly 2% in staking rewards.
• CTON is available on the SIX Swiss Exchange in U.S. dollars, offering regulated exposure to Toncoin’s price and on-chain staking yield.
• The launch marks CoinShares’ second Toncoin vehicle following its addition to the U.S.-listed Altcoins ETF (DIME) earlier in October.
• Reporting shows TON rose about 5% to around $2.30 on the announcement before consolidating near $2.20–$2.25, with market cap near $5.7 billion.
• CoinShares highlights The Open Network’s ties to Telegram’s large user base and high throughput as European issuers expand crypto-backed ETPs.