21Shares Announces Crypto Winter Suite
— Toes, Next level, Croatia, Relied upon, Term strategic allocation, Regulated way — 1 min read
The 21Shares Bitcoin Core ETP (CBTC) 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 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. 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. The company also launched the world’s first USD Yield ETP last month, preceded by the launch of two new index funds. Source