21Shares extends the Crypto Winter” product range

21Shares extends the Crypto Winter” product range

The client -based 21 -shares geared into cryptocurrencies has introduced additional product vehicles that are designed for investors who are afraid of the continued bear market - with a focus on risk -controlled engagement in the two largest digital assets.

The 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and the 21shares S&P Risk Controlled Ethereum Index ETP (Speth) were introduced at the Six Swiss Exchange, the company announced on Monday.

The latest index -portrait products offer a commitment to the respective assets and aim at the same time on an annual volatility of around 40 %, for example by investing more assets in USD if the volatility of Bitcoin or Ether is increasing.

Both funds try to replicate the Benchmarks of the S&P Dow Jones indices that control the risk in a similar way.

The financial services giant has developed crypto indication skills in the past two years "to promote more transparency and to facilitate access to this aspiring technology-driven investment class," said Sharon Liebowitz, Senior Director of Innovation at S&P Dow Jones Indices, in a statement.

Bitcoin was traded on Tuesday at 7:00 p.m. ET at around $ 11,200 - an increase of 13 % in the last 30 days, but a decline of 66 % compared to its all -time high last November. At that time Ether was $ 1,530, a jump of 36 % compared to a month ago. The asset also reached its peak last November and reached almost $ 4,900.

"Although Bitcoin and Ethereum are two of the most powerful investment classes of the decade, risk -new investors are often suspicious of the price fluctuations," Hany Rashwan, a senior employee of 21shares, told Blockworks. "We reduce the volatility of two of the most sought -after cryptocurrencies to make investors more tasty, conveniently into the investment class, and to enable investors to make a more smooth journey."

The new notations take place for a few weeks after the company has also launched its Bitcoin Core ETP (CBTC) in Switzerland-the first product of its so-called crypto winter suite. Exchange Traded Products (ETPS) correspond to ETFs in the USA.

Rashwan called the fund "the cheapest physically laid ETP in the world".

CBTC will also give part of the underlying crypto on a fully secured basis to compensate for the operating costs as soon as the product scales.

Rashwan said that the company intended to introduce several additional products in the Suite in the second half of the year.

"Our upcoming products will meet a variety of investor needs - be it the offer of ETPS at the lowest costs on the market for a long -term strategic allocation, for a shorter more tactical allocation or in a more risk -controlled way," he said.

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The article 21Shares expands the "Crypto Winter" product range is not a financial advice.