21Shares responds to bear market with crypto winter ETP
— Reluctant, Fueling extreme fear sentiment, Challenging market conditions, Happen, General, Krause said, Respond, Execs even predicted, Cbtc — 1 min read
Bitcoin Core ETP (CBTC) is designed to offer low-cost exposure to Bitcoin to the ongoing market sell-off. CBTC is part of 21Shares' wider bear market-focused series of products referred to the Crypto Winter Suite. The offering aims to provide investors with more options through whichto enter the crypto ecosystem during challenging markets by providing lower costs, 21Shares’ ETP product director Arthur Krause told Cointelegraph. CBTC’s ratio is 44 basis points below the next lowest product on the market, according to the firm. CBtc aims to make it easier for investors to access Bitcoin during highly volatile markets to optimize portfolio returns, Krause said. Many industry executives were expecting a major crypto market decline to happen in 2022 Source