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21Shares Announces Crypto Winter Suite

·3-min read
21Shares
21Shares

Products are intended to meet consumer needs in the bear market, with the 21Shares Bitcoin Core ETP launched as the first offering in the Crypto Winter Suite

ZURICH, Switzerland – June 29, 2022 – 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange traded products (ETPs), today announced its Crypto Winter Suite – a set of products designed to help investors weather the bear market. The first product introduced in the suite is the 21Shares Bitcoin Core ETP (CBTC), which launched today on SIX Swiss Exchange.

The 21Shares Bitcoin Core ETP is designed to offer low-cost exposure to Bitcoin, as the lowest cost Bitcoin ETP on the European market. CBTC has a total expense ratio of 21 basis points (0.21%) – selected to reflect the 21 million cap on Bitcoin – which is 44 basis points (0.44%) below the next lowest product on the market. The product will lend a portion of the underlying crypto on a fully collateralized basis to offset operating cost. Lending on CBTC will begin once the product achieves sufficient scale.

Beyond the 21Shares Bitcoin Core ETP, 21Shares will focus on building additional bear-market oriented products. The Crypto Winter Suite aims to provide investors with a variety of ways to enter the crypto ecosystem – whether that is at some of the lowest costs on the market for long-term strategic allocation, for shorter-term tactical allocation or in a more risk-controlled manner.

“Given the current market environment, many investors are looking to ‘buy-the-dip’ and generate the maximum potential long-term return,” said Arthur Krause, Director of ETP Product at 21Shares. “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.”

“While we’re experiencing a tougher market today, interest in the long-game of cryptocurrency has not wavered,” said Hany Rashwan, CEO and co-founder, 21Shares. “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.”

Today’s announcement follows 21Shares’ launch of the world’s first USD Yield ETP last month, preceded by the company’s entry into the United States with the launch of two new index funds, the release of a Layer1 Index ETP and DeFi ETP, and the world’s first Bitcoin and Gold ETP. Additionally, 21Shares recently published its sixth issue of its State of Crypto Report, which explores current trends in the crypto industry and what investors are doing to successfully optimize their crypto portfolios.

To learn more about the 21Shares Bitcoin Core ETP or the Crypto Winter Suite, please visit www.21shares.com.

Product Details

Security Designation

21Shares Bitcoin Core ETP

Fee

0.21%

ISIN

CH1199067674

Issuer

21Shares AG

Exchange Listing

SIX Swiss Exchange

Custody

Copper

Market Maker

Flow Traders





Press Contacts:
Arielle Sobel, Head of Global Communications, press@21shares.com 
Megan Enright, Communications Manager, press@21shares.com

About 21Shares:
21Shares takes innovation to the next level with the largest suite of cryptocurrency exchange-traded products (ETPs) in the world. In 2018 it pioneered the world's first cryptocurrency index listing on the SIX Swiss Exchange, and it continues powering its cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy. 21Shares aims to provide all investors with an easy, secure, and regulated way to buy, sell, and short cryptocurrency through existing bank and brokerage accounts. 21Shares is a Swiss company registered in Zug, Switzerland with offices in Zurich and New York City. For more information, please visit www.21shares.com.

Disclaimer: This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. This document constitutes advertisement within the meaning of the Swiss Financial Services Act and not a prospectus. This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities to sell or a solicitation of an offer to purchase in or into the United States, Canada, Australia, or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State (other than the France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Ireland, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Lichtenstein) that has implemented the Prospectus Regulation (EU) 2017/1129, together with any applicable implementing measures in any Member State, the "Prospectus Regulation") this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Ireland, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Liechtenstein the 2021 Base Prospectus (EU) is made available on the Issuer's website under www.21Shares.com. The approval of the 2021 Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2021 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities.


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