21Shares Announces a Low Fee Bitcoin ETP

21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs), and its newest offering, the Crypto Winter Suite, is a robust toolkit for navigating the bear market.

The Crypto Winter Suite is actually a line of products, all of which aim to help investors “buy the dip” and thrive in the current challenging Bitcoin market. The first individual product in the suite is the 21Shares Bitcoin Core ETP, featuring the lowest cost of any product in its class by a significant margin.

“While we’re experiencing a tougher market today, interest in the long-game of cryptocurrency has not wavered,” said 21Shares CEO and co-founder Hany Rashwan. “We’ve 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 just that, at the most competitive pricing in the world. Our bear-market products provide investors with a robust toolkit for navigating the challenging market environment.”

The 21Shares Bitcoin Core ETP is the lowest cost physically-backed Bitcoin ETP in the world. It has an expense ratio of 21 basis points (0.21%), selected to reflect the 21 million Bitcoin market cap; for scale, this is a full 44 basis points (0.44%) lower than the next lowest product on the market.

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

The 21Shares Bitcoin Core ETP is just the first product in the Crypto Winter Suite, which will eventually include diverse tools for a range of investor types, whether their goals are to acquire Bitcoin at low costs for strategic long-term allocation, or to make shorter, more risk-controlled plays.