21Shares changes names, pricing and fees for five crypto ETFs

21Shares made three changes to five crypto ETFs covering Bitcoin, Ethereum, XRP, Dogecoin and Polkadot. The changes include two fund renamings, a new pricing source and a revised sponsor-fee schedule. The 21Shares Ethereum ETF became the 21Shares Ethereum Staking ETF on August 25. The Polkadot fund became the 21Shares Polkadot Staking ETF on the same date. Five 8-K filings confirmed the name changes. The Bitcoin fund operated with ARK Invest remains ARKB. The XRP and Dogecoin funds kept their existing names. The Ethereum fund has staked ether since earlier this year. The fund also publishes a reward schedule. BlackRock launched the separate staked Ethereum fund ETHB on February 18. BlackRock's original spot Ethereum fund ETHA does not stake. Fidelity filed on August 10 to stake ether held by FETH and pay holders quarterly cash. FETH holders would receive 85% of staking rewards under that filing. Fees would receive the remainder. Intesa Sanpaolo cut its Bitcoin fund stake by 94% last quarter. The bank tripled its staked-Ethereum position during that period. All five funds will use FTSE indices to value shares from Thursday, August 27. The change followed 21Shares ending its CF Benchmarks license. The CME-branded rates for the funds expire on August 31. CF Benchmarks rates still anchor IBIT and ETHB. The benchmark determines each fund's daily net asset value. 21Shares will collect its sponsor fee at least quarterly instead of weekly. The fee will continue to be paid in coins, including Bitcoin and DOT. Staked ether can take weeks to exit a crowded withdrawal queue.