The new development of 21Shares ETP products is set to provide support for investors during the ongoing bear market.
Switzerland-based 21Shares is one of the largest cryptocurrency trader product (ETP) providers, which launched its first ETP back in 2018. After 4 years from its first release, the company is launching another set of products.
On July 20, 21Shares used Twitter to announce the launch of two new exchange-traded products (ETP) on the so-called Crypto Winter Suite.
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The company has introduced 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH). The launch of these ETPs is aimed to target a variability level of 40%.
The launched ETPs sought to lower the levels of volatility by following the changes in an index. According to the information found on 21Shares website, under SPBTC and SPETH descriptions, after acknowledging the changes the volatility will be dynamically smoothened by “adjusting the exposure of the S&P Bitcoin Index and allocating to U.S. dollars.”
The Director of ETP Product on 21Shares, Arthur Krause comments:
These newest ETPs based on S&P Dow Jones Indices world-class indices allow investors to realize the benefits of these innovative crypto exposures while controlling for volatility. These ETPs are the next step in our Crypto Winter Suite, providing investors with entry to the asset class in a risk-controlled manner.
21Shares Crypto Winter Suit provides a bundle of products created for investors to ease the consequences of the bear market. The project is specifically designed for retail and institutional investors from Western Europe and Australia.
The newest ETPs are available for trading from July 20 on Swiss SIX Exchange.