Global cryptocurrency exchange traded product (ETP) issuer 21Share AG (“21Shares”) has unveiled its Crypto Winter Suite. The product is developed with the intention of assisting investors in surviving the bear market. Also, the Crypto Winter Suite intends to provide investors with a range of opportunities to get profitable in the crypto ecosystem. In terms of long-term strategic allocation, short-term tactical allocation, or risk-controlled allocation, it provides some of the lowest costs on the market.
How the 21Shares Crypto Winter Suite works
The 21Shares Bitcoin Core Exchange Traded Product, or CBTC, intends to provide investors with low-cost exposure to Bitcoin. It’s currently the cheapest Bitcoin ETP in the world, and today marks its debut trading on the SIX Swiss Exchange. When it comes to running costs, CBTC will provide a loan secured by the underlying crypto. Also, the total expense ratio is 21 basis points (0.21%). This is to match Bitcoin’s limit of 21 million, which is 44 basis points (0.44%) lower than the next lowest product available on the market.
Arthur Krause, Director of ETP Product at 21Shares commented, “Our Crypto Winter Suite will provide ways for investors to dip their toes in the water at some of the lowest costs on the market.”
Once the product has reached a critical mass, lending on CBTC will commence. Last month, 21Shares introduced the first USD Yield ETP to the market. Before that, the company launched two new index funds, a Layer1 Index ETP and a DeFi ETP, and the first Bitcoin and Gold ETP in the world.
The company hopes to attract many users using this product, as it promises to cushion users against market shocks. To learn more about the current state of the crypto sector and how investors are maximizing their crypto portfolios, check out 21Shares’ latest State of Crypto Report, published just last week.