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21Shares Launches Crypto Winter Products to Protect Investors From Bear Market


thecryptobasic.com 29 June 2022 09:12, UTC
Reading time: ~3 m

21Shares Launches “Crypto Winter Suite.”

Following the massive collapse of the cryptocurrency market, 21Shares AG has announced a new fund that will help investors remain safe amid the ongoing bear market without incurring further losses.

In a press release today, the largest exchange-traded product (ETP) provider 21Shares said it has unveiled a new financial instrument dubbed the Crypto Winter Suite.

The 21Shares Crypto Winter Suite will give investors new ways to venture into the cryptocurrency space at a relatively low cost for long and short-term strategic allocations.

The new fund will consist of a set of products designed to help cryptocurrency investors weather the ongoing storm of the bear market.

21Shares Creating New Opportunities

21Shares noted that it has already made significant efforts toward protecting investors from the effects of the ongoing bear market as it launches its first product in the Crypto Winter Suite named the 21Shares Bitcoin Core ETP.

21Shares Bitcoin Core ETP made its debut on the SIX Swiss Exchange, under the ticker CBTC, the announcement stated.

Arthur Krause, Director of ETP Products at 21Shares, said:

“Given the current market environment, many investors are looking to ‘buy-the-dip’ and generate the maximum potential long-term return. 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.”

Details of the New Product

Explaining the details of the newly-launched fund, 21Shares said CBTC will offer investors low-cost exposure to the world’s largest cryptocurrency by market capitalization. The asset class is designed to become the lowest-cost ETP in the European market.

Notably, CBTC has an expense ratio of 0.21%, reflecting the 21 million total supply of Bitcoin, and the expense ratio of the new fund is 44 basis points lower than the next lowest product on the market.

Through the product, investors will be allowed to lend a portion of their underlying assets, in this case, Bitcoin, on a fully collateralized basis. Although lending is yet to commence at the moment, 21Shares noted that the feature will be added once the product attains sufficient scale.

21Shares Moves to Protect Investors from Bear Market

The ongoing bear market has taken a huge toll on investors, who have lost a significant percentage of their crypto holdings since the beginning of the year.

Interestingly, 21Shares wants to provide relief for cryptocurrency investors going forward. The company noted that it will be focusing on developing more bear market-oriented products during this period.

Hany Rashwan, CEO and co-founder of 21Shares said despite the fall in cryptocurrency prices, interest in the asset class has not declined, adding:

“We’ve seen investor demand for low-cost exposure to this asset class – and the 21Shares Bitcoin Core ETP – the first product in our new suite – does just that, at the most competitive pricing in Europe. Our bear-market products provide investors with a robust toolkit for navigating the challenging market environment.”


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