- Product aims to give exposure to Celestia native token, as well as staking returns
- Celestia is a rapidly growing modular layer 1 blockchain with use cases in high-performance trading, real-world assets (RWAs) and stablecoins.
- Bitwise Celestia Staking ETP is the company’s sixth institutional-grade staking product, with rising investor assets showing active demand for staking products
Bitwise today announces the launch of the Bitwise Celestia Staking ETP (Ticker TIAB; ISIN DE000A4APRP0) on Euronext Paris. The product seeks to provide exchange-traded exposure to TIA, the native token of the Celestia blockchain platform, replicating the Kaiko Bitwise Staked TIA Index. At the same time, the ETP aims to capture staking rewards without the need for investors to manage the technical aspects of the staking process, which enables token holders to earn rewards in return for validating transactions in proof-of-stake networks such as Celestia.
Celestia aims to be the leader in modular blockchains, built for extreme speed and specialization. Its Layer 1 is designed to handle use cases that need high data throughput and low costs, such as high-performance trading, stablecoins, and real-world assets (RWAs). It also allows other blockchains, known as “rollups” or “Layer 2s,” to publish their data on Celestia. Over the past year, usage of Celestia's “namespaces” - unique identifiers for posted data - has increased roughly fivefold. This growth reflects both the launch of new rollups and higher activity from existing ones.
Bradley Duke, Head of Europe at Bitwise, said: “The Bitwise Celestia Staking ETP is an extremely relevant addition to our growing product suite of institutional-grade, crypto exchange-traded products. Celestia’s blockchain has rapidly become known for its modular approach, with a data availability layer that is separate from functions such as execution. This has enabled it to fully focus on data availability and rapidly attract new users. Some have compared Celestia to a cloud services infrastructure provider for the crypto space. We believe investors can now benefit from its potential upside opportunities through Bitwise’s expertise and the transparency of a regulated product structure.”
TIAB is the sixth product Bitwise has launched as part of its European Total Return product suite, as the company actively expands access for investors to its suite of index-linked staking products. Underscoring the rising demand for staking products, the Bitwise Solana Staking ETP (BSOL; ISIN DE000A4A59D2) recently surpassed $100 million in invested assets, while the Bitwise Ethereum Staking ETP (ET32; ISIN DE000A3G90G9), has crossed the $300 million threshold in invested funds.
The Bitwise Celestia Staking ETP is fully backed by TIA tokens held in cold storage custody, and issued in Germany. It is designed to deliver efficient staking returns with a low total cost of ownership, with staking rewards accumulating daily, increasing the cryptocurrency entitlement per ETP unit. By referencing the Kaiko Bitwise Staked TIA Index, investors can track its performance, net of costs and fees, against the market standard. Investors can buy and sell Bitwise Celestia Staking ETPs like stocks or ETFs through a securities account, without the need for a new account or crypto wallet.
“The most ambitious projects in crypto are choosing Celestia to go mainstream,” said Mustafa Al-Bassam, co-founder and CEO of Celestia Foundation. “We're seeing a surge of projects across high-performance trading, real-world assets, and stablecoins building on Celestia. Our modular architecture is purpose-built for the extreme speed and specialization these applications demand, helping teams go to market faster and scale further than what other monolithic L1s are capable of today.”
Staking is a way to generate additional returns for token holders, allowing them to help validate transactions on the network, contributing to its security and reliability. In return, they earn additional tokens. Unlike dividends, which come from company profits, staking rewards compensate holders for performing an active role in maintaining the blockchain. The Bitwise Celestia Staking ETP offers investors a streamlined way to gain exposure to staking rewards without the need to hold a wallet or managing the technical aspects of staking or token custody directly. Additional benefits include daily liquidity and security stemming from cold storage of the tokens by a professional institutional custodian.
Key Product Details
| ETP Name | Bitwise Celestia Staking ETP |
| Primary Ticker | TIAB |
| ISIN / WKN | DE000A4APRP0 / A4APRP |
| Index Benchmark | Kaiko Bitwise Staked TIA Index |
| Expected NET Staking Reward | 7.54%* | TER | 0.85% p.a. |
Important information:
This article does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This article is for general informational purposes only, and there is no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.
Before investing in crypto ETPs, potentional investors should consider the following:
Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.