21Shares AG, the world’s largest issuer of the exchange-traded cryptocurrency products (ETPs), today launches its “Crypto Winter Suite” – a suite of products designed to help investors weather the current bear market.
Introducing the @21Shares Crypto Winter Suite. This family of products is designed to provide low-cost points of entry into the #crypto ecosystem in a risk-controlled manner, helping investors manage challenging bear markets. (1/3) pic.twitter.com/jCR6XKqsYn
— 21Shares (@21Shares) June 29, 2022
The product range aims to meet the needs of investors in the bear market, with the 21Shares Bitcoin Core ETP being launched as the first offering of the Crypto Winter Suite.
The first product in the suite is the 21Shares Bitcoin Core ETP (CBTC), launched today on the SIX Swiss Exchange.
The 21Shares Bitcoin Core ETP was designed to expose Bitcoin as it is the lowest cost Bitcoin ETP to reflect the 21 million bitcoin cap, putting it at 44 basis points (0.44%) below the next cheapest product on the market.
The product will lend a portion of the underlying cryptocurrency on a fully collateralized basis to offset operational costs. Lending on CBTC will begin once the product has reached sufficient size.
In addition to the 21Shares Bitcoin Core ETP, 21Shares will focus on developing another bear market-optimized product. The Crypto Winter Suite aims to provide investors with a variety of ways to get into the crypto world.
