CoinShares, one of Europe’s leading digital asset managers, has expanded its crypto investment lineup with a new product tied to Toncoin.
The firm’s latest launch, CoinShares Physical Staked Toncoin (CTON), officially began trading on Switzerland’s SIX Swiss Exchange this week.
The new ETP provides investors with regulated exposure to Toncoin’s price performance while integrating a staking component that generates around 2% in annualized rewards. CTON is available for trading in U.S. dollars, and CoinShares describes it as part of its long-term plan to offer diversified access to major blockchain networks with active on-chain ecosystems.
Toncoin operates on The Open Network (TON), a high-throughput blockchain designed for large-scale applications. Capable of processing over 100,000 transactions per second, the network aims to compete with established players such as Solana and Avalanche in delivering fast and low-cost transactions for both decentralized applications and payment infrastructure.
CoinShares Strengthens Its ETP Portfolio
The introduction of CTON follows CoinShares’ broader expansion into the altcoin market. Earlier this month, the company added Toncoin to its Altcoins ETF (DIME) – a U.S.-listed fund that also features Solana, Cardano, Polkadot, and Cosmos. By including TON in multiple investment vehicles, CoinShares is signaling confidence in the blockchain’s technical fundamentals and long-term adoption potential.
Jean-Marie Mognetti, CEO of CoinShares, previously highlighted that institutional investors are increasingly seeking exposure beyond Bitcoin and Ethereum. The firm’s strategy focuses on identifying networks with strong performance metrics, decentralized activity, and growing developer engagement. TON fits this profile as one of the fastest blockchains currently in operation.
Toncoin Technical Picture: Signs of Stabilization
Toncoin has faced a challenging year, losing roughly 59% of its market capitalization since January, which now stands around $5.7 billion. Despite this decline, technical indicators suggest the market could be preparing for a recovery phase.
As of Wednesday, TON is trading near $2.23, consolidating after weeks of volatility. The daily RSI sits at 41.7, rebounding from oversold levels and indicating early momentum among buyers. Meanwhile, the MACD histogram has turned positive, while the MACD and signal lines (-0.118 and -0.153 respectively) are on the verge of a bullish crossover — a setup that often precedes upward movement in price.
If the price holds above the key support zone at $2.20, a short-term rally toward $2.50 and potentially $2.90 could follow. On the downside, a drop below $2.10 might reintroduce pressure toward the $1.90 region, though sentiment appears to be gradually shifting in favor of accumulation.
ETPs Drive Broader Institutional Access
CoinShares’ new Toncoin product comes as part of a growing trend among European issuers offering crypto-backed exchange-traded products on traditional exchanges. By combining staking rewards with regulated market access, CoinShares continues to blur the line between decentralized finance and institutional investment products.
The firm’s expansion into high-performance blockchains reflects rising demand from professional investors who prefer structured exposure to digital assets without the need for direct wallet management. With CTON, CoinShares has effectively opened the door for traditional investors to participate in Toncoin’s network economy in a regulated, transparent manner.
Outlook
While Toncoin’s market remains under pressure from broader crypto volatility, CoinShares’ entry could mark the beginning of renewed institutional attention. With improving technical indicators and expanding ETP availability, Toncoin’s path to recovery may be underway. Analysts are watching whether upcoming volume spikes above the $2.50 resistance could confirm a trend reversal into November.
