This Crypto Winter Suite Could Help Investors In Bear Market

21Shares on Wednesday said it has launched its Crypto Winter Suite to help investors survive bear markets in the volatile crypto market
By Varinder Singh
Updated July 13, 2022

Swiss-based crypto products firm 21Shares on Wednesday said it has launched its Crypto Winter Suite to help investors survive bear markets in the volatile crypto market. The first product in the Crypto Winter Suite is the 21Shares Bitcoin Core ETP, which has been launched on the SIX Swiss Exchange today.

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21Shares Launches Crypto Winter Suite for Risk-Averse Investors

21Shares in a press release on June 29 announced launching a Crypto Winter Suite for investors to manage risks in the bear market. The set of products under the suite will help investors make better returns on investment in crypto through low-cost exposure.

21Shares Bitcoin Core ETP (CBTC) launched on the SIX Swiss Exchange is the first product under the Crypto Winter Suite. It is one of the competitively priced Bitcoin ETPs on the European market offering low-cost exposure to Bitcoin. The expense ratio of the CBTC is 21 basis points (0.21%), reflecting the 21 million cap on Bitcoin. Moreover, the product will lend a part of the underlying crypto on a fully collateralized basis to offset the operating costs.

Arthur Krause, Director of ETP Product at 21Shares, said:

“Many investors are looking to ‘buy-the-dip’ and generate the maximum potential long-term return. 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.”

Currently, it has an AUM of $1 million, with securities outstanding as 220,000. Copper is the custodian for the product, and Flow Traders and Jane Street as participants.

Besides, the 21Shares Bitcoin Core ETP, 21Shares will launch additional bear market-based products under the Crypto Winter Suite. It helps investors enter the crypto market for long-term strategic allocation or shorter-term strategic allocation in a more risk-controlled manner.

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Investors Lost Billions in the Crypto Market Crash

Retail and institutional investors have lost huge amounts of money in the crypto market turmoil. Investors have even dumped their crypto holdings to prevent further loss in these tougher market conditions.

According to Hany Rashwan, the CEO of 21Shares, the flagship bitcoin exchange-traded product has seen $30 million of inflows. It indicates rising interest among new investors.

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Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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