21Shares, which issues derivatives products based on cryptocurrencies, is issuing Europe’s cheapest Bitcoin-based exchange-traded product (ETP).
This ETP also makes 21Shares’ investors relatively stronger in the bear market. trustworthy and low cost prepared for them to take up positions. Crypto Winter Suite It is exported as the first product of the named package.
21Shares, 29 June He mentioned the details of the product in his announcement on Twitter:
The first product of the package, Bitcoin Core ETP ($CBTC), was issued 0.21% at a cost of 0.44% less than Fidelity Physical Bitcoin ETP, Europe’s second cheapest Bitcoin ETP on a TER (total expense ratio) basis.
The CEO of the company, Hany Rashwan, said that investors see the need for low-cost derivatives for long-term strategic positions and short-term trading opportunities in the bear market and to fill this gap in the future. that they will also export other derivative products explained.