21Shares Announces Crypto Winter Suite

21 actions

21 actions

The products are intended to meet the needs of consumers in the bear market, with the launch of the 21Shares Bitcoin Core ETP 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 suite of products designed to help investors to ride out the bear market. The first product featured in the suite is the 21Shares Bitcoin Core ETP (CBTC), which launched today on the SIX Swiss Exchange.

The 21Shares Bitcoin Core ETP is designed to offer low-cost exposure to Bitcoin, as the lowest-cost Bitcoin ETP in the European market. CBTC has a total expense ratio of 21 basis points (0.21%), selected to reflect Bitcoin’s cap of 21 million, 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 fully collateralized to offset operating costs. Loans at CBTC will start once the product reaches sufficient scale.

Beyond the 21Shares Bitcoin Core ETP, 21Shares will focus on creating additional products geared towards the bear market. The Crypto Winter Suite aims to provide investors with a variety of ways to enter the crypto ecosystem, either at one of the lowest costs on the market for long-term strategic allocation, for short-term tactical allocation, or with more risk. . controlled way.

“Given the current market environment, many investors are looking to ‘buy the dip’ and generate the highest potential long-term return,” said Arthur Krause, director of ETP products 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.”

“Although we are currently experiencing a tougher market, interest in the crypto long game has not abated,” said Hany Rashwan, CEO and co-founder of 21Shares. “We have 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 exactly that, at the most competitive price in Europe. Our bear market products provide investors with a robust set of tools to navigate 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 launch of a Layer1 Index ETP and DeFi ETP, and the world’s first Bitcoin. and ETP gold. Additionally, 21Shares recently released its sixth issue of its State of Cryptocurrency Report, which explores current trends in the crypto industry and what investors are doing to successfully optimize their crypto portfolios.

For more information on 21Shares Bitcoin Core ETP or Crypto Winter Suite, please visit www.21shares.com.

product details

security designation

Bitcoin Core 21 Stock ETP

Rate

0.21%

IS IN

CH1199067674

Editor

21 Shares AG

exchange listing

SIX Swiss Exchange

Custody

Copper

market maker

Flow Traders

Press contacts:
Arielle Sobel, Director of Global Communications, [email protected]
Megan Enright, Communications Manager, [email protected]

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 continues to drive its crypto franchise forward with cutting-edge research and innovative approaches to product strategy. 21Shares aims to provide all investors with an easy, safe and regulated way to buy, sell and short cryptocurrencies through existing bank and brokerage accounts. 21Shares is a Swiss company registered in Zug, Switzerland, with offices in Zurich and New York. For more information, visit www.21shares.com.

Disclaimer: This document is not an offer to sell or a solicitation of an offer to buy or subscribe for any 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 undertaking in any jurisdiction. This document constitutes an announcement within the meaning of the Swiss Financial Services Law and not a prospectus. This document and the information contained herein are not for distribution in or to (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction where distribution or publication is illegal. This document does not constitute an offer of securities to sell or the solicitation of an offer to buy in or to the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials refer 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 in the absence of registration. or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of securities in the United States. This document is only distributed to and intended for: (i) investment professionals who fall within Section 19(5) of the Financial Markets and Services Act 2000 (Financial Promotion) Order 2005 (the “Order”) ; or (ii) high net worth entities, and other persons to whom they may be legally communicated, included in Article 49(2)(a) to (d) of the Order (all such persons together are referred to as “relevant persons ” ); or (iii) persons who fall within Section 43(2) of the Order, including existing members and creditors of the Company or (iv) any other person to whom this document may lawfully be 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 acquire such securities will be made only with the relevant persons. Anyone other than a Relevant Person should not act on or rely on this document or any of its contents. In any EEA Member State (except France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Ireland, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Liechtenstein) which has implemented the Prospectus Regulation (EU) 2017/1129, together with any implementing measures applicable in any Member State, the “Prospectus Regulation”) this communication is only addressed to qualified investors in that Member State within the meaning of the Regulation of brochures. 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 Base Prospectus 2021 (EU) is available on the Issuer’s website at www.21Shares.com. The approval of the Base Prospectus (EU) 2021 should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Prospective eligible investors should read the 2021 Base Prospectus (EU) and the relevant Final Terms before making an investment decision to understand the potential risks associated with deciding to invest in the securities.

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