{"id":8362,"date":"2022-06-29T14:50:16","date_gmt":"2022-06-29T14:50:16","guid":{"rendered":"http:\/\/ci02a4f21a600024f3"},"modified":"2022-06-29T14:50:16","modified_gmt":"2022-06-29T14:50:16","slug":"21shares-releases-low-cost-bitcoin-etp","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/21shares-releases-low-cost-bitcoin-etp","title":{"rendered":"21Shares Released The Lowest-Cost Bitcoin ETP In The World"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>21Shares released a new ETP on the SIX Swiss Exchange today meant to offer low-cost exposure to bitcoin.<\/li>\n<li>The ETP will be the lowest-cost product of its kind.<\/li>\n<li>This ETP is the first of a line of 21Shares products meant to allow investors to weather bear markets.<\/li>\n<\/ul>\n<p>Today, 21Shares announced the release of its Crypto Winter Suite \u2013 a collection of exchange-traded products (ETP) meant to weather market downtrends \u2013 beginning with the lowest-cost bitcoin ETP on the market, per a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2022\/06\/29\/2470937\/0\/en\/21Shares-Announces-Crypto-Winter-Suite.html\" target=\"_blank\" rel=\"noopener\">press release<\/a>. <\/p>\n<p>\u201cGiven the current market environment, many investors are looking to \u2018buy-the-dip\u2019 and generate the maximum potential long-term return,\u201d said Arthur Krause, director of ETP product at 21Shares. \u201cOur Crypto Winter Suite will provide ways for investors to dip their toes in the water at some of the lowest costs on the market.\u201d<\/p>\n<p>The 21Shares Bitcoin Core ETP (CBTC) is meant to offer low-cost exposure to the asset with a total expense ratio of 21 basis points (0.21%), which is meant to reflect the 21 million unit cap for bitcoin. This is reportedly 44 basis points lower than the next lowest product on the market. The ETP will lend out a portion of its underlying bitcoin through a fully collateralized basis in an attempt to offset operating costs, however the lending will not begin until the product achieves scale deemed appropriate by 21Shares. <\/p>\n<p>\u201cWhile we\u2019re experiencing a tougher market today, interest in the long-game of cryptocurrency has not wavered,\u201d said Hany Rashwan, CEO and co-founder of 21Shares. \u201cWe\u2019ve seen investor demand for low-cost exposure to this asset class \u2013 and the 21Shares Bitcoin Core ETP \u2013 the first product in our new suite \u2013 does just that, at the most competitive pricing in Europe.\u201d<\/p>\n<p>Over these past few months bitcoin has fallen from its highs of almost $69,000 down to $17,500 where it managed a reversal back to a psychological level of support of $20,000. Representing an almost 71% downturn at current levels, the current state of the bitcoin market can seem difficult to those who aren\u2019t simply hodling their bitcoin. <\/p>\n<p>\u201cOur bear-market products provide investors with a robust toolkit for navigating the challenging market environment,\u201d said Rashwan.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>21Shares released a new bitcoin ETP with the lowest cost basis in Europe as its first of many products being designed for a bear market.<\/p>\n","protected":false},"author":2785,"featured_media":8363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1932,76,1933,304,93],"class_list":["post-8362","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-21shares","tag-bitcoin","tag-etp","tag-europe","tag-news"],"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/new-cryptocurrency-based-etp-arrives-in-switzerland.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=8362"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/8363"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=8362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=8362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=8362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}