Switzerland-based crypto investment product (ETP) issuer 21Shares has decided to discontinue 6 different crypto funds with a total value of less than $700,000.
In a recent statement by a 21Shares spokesperson, decreased investor interest due toe 5 different funds will be closed And 1 fund will also be delisted announced. The total value of the 6 funds in question less than $700k reported to be.
In his statement on the subject, the spokesperson stated that this process expected and routine It was stated that:
This is routine/standard practice in the ETP industry. While these ETPs are in relatively low demand, we are seeing continued strong demand for our other products. In fact, this year we completed our second strongest January in company history.
by 21Shares 6th of April Among the products to be closed on 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC), 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH), 21Shares USD Yield ETP (USDY)21Shares Crypto Layer 1 ETP (LAY1) And 21Shares DeFi 10 Infrastructure ETP (DEFII) is located. With this 21Shares Terra Classic ETP (LUNA) if the product 12 June will be delisted on
On the other hand, according to reports submitted by 21Shares and the spokesperson’s statement, the company has been in terms of net assets since its establishment in 2018. second most productive month of January lived. 21Shares funds, at the beginning of this year, compared to the same period last year. $26.73 million by comparison $26.95 million net asset entry. record, approx. $44 million with existence January 2021It was broken in.
21Sharesat the beginning of this year Includes 6 cryptocurrencies And The world’s first diversified staking income offering He had released his ETP.