21Shares To Launch A Bear Crypto ETF
- June 29, 2022
- 0
Cryptocurrency ETP provider 21Shares has announced the launch of a “crypto winter” ETP series. The tools are aimed at investors who are pessimistic about the prospects of the
Cryptocurrency ETP provider 21Shares has announced the launch of a “crypto winter” ETP series. The tools are aimed at investors who are pessimistic about the prospects of the digital asset market.
Introducing @21Share Crypto Winter Suite. This product family is designed to provide low-cost entry points. #crypto Its ecosystem helps traders manage tough bear markets in a risk-controlled way. (1/3) pic.twitter.com/jCR6XKqsYn
— 21Shares (@21Shares) 29 June 2022
The company said that the Crypto Winter Suite will provide an economic entry into the risk-controlled ecosystem.
On June 29, the first instrument, 21Shares Bitcoin Core ETP (CBTC), was traded on the Swiss exchange. total expense ratio It will be 0.21%.
In the future, the firm will offer additional ETPs from this line for both short-term and long-term investors.
Recall that in May, 21Shares and asset manager ARK Invest applied for a new partner to launch a first cryptocurrency-based exchange-traded fund.
The Commission has yet to approve any application to launch a spot bitcoin ETF, including ARK Invest and 21 Shares, which the partners submitted on May 20, 2021.
Previously, 21Shares received an ETP listing based on FTX Token and Decentraland on the Swiss exchange BX Swiss.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
