21Shares Launches a Bearish Crypto ETP
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30 June

21Shares, a provider of cryptocurrency ETPs, has just announced the launch of a line of "cryptowinter" ETPs.

According to the company, the tools have been designed for investors pessimistic about the outlook for the digital asset market.

The Crypto Winter Suite will provide an affordable entry into the risk-controlled ecosystem, the company says.

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The first instrument, the 21Shares Bitcoin Core ETP (CBTC), started trading on the Swiss stock exchange on June 29. The total expense ratio will be 0.21%.

The company intends to launch in the future additional ETPs in this line for both short- and long-term investors.

Last month, 21Shares and asset manager ARK Invest filed a new joint application to launch a BTC-based exchange-traded fund.

Notably, the SEC has not yet approved any application to launch a spot Bitcoin ETF.

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