Photo by Affordable Crypto Investments: 21Shares Lowers Fees for Two ETPs
Zürich/München, September 24, 2024 – In a significant move aimed at broadening accessibility to cryptocurrency investments, 21Shares AG, a leading issuer of exchange-traded products (ETPs) in the crypto space, announced a reduction in management fees for two of its flagship products: the 21Shares Crypto Basket 10 ETP and the 21Shares Bytetree BOLD ETP.
Exploring the landscape of cryptocurrency investments.
Effective immediately, the management fees for these ETPs have been lowered to 0.49% and 0.65%, respectively. This strategic pricing adjustment is expected to make these innovative investment instruments appealing to a wider range of investors.
Diversified Exposure to Major Digital Assets
The 21Shares Crypto Basket 10 ETP (HODLX) offers investors diversified exposure to the ten largest digital assets by market capitalization. The fund, which is rebalanced quarterly, reflects the dynamic movements of the cryptocurrency market. The significant fee decrease from 2.5% to 0.49% now enables investors to seize the growth potential in the digital assets space within a single, diversified ETP.
Meanwhile, the 21Shares Bytetree BOLD ETP (BOLD) presents a unique blend of Bitcoin and gold, balancing both digital and traditional asset classes. Its risk-adjusted allocation scheme, which is recalibrated monthly, combines the security of gold with Bitcoin’s growth prospects, offering a diversified hedge against inflation and economic uncertainty.
Understanding the benefits of combining traditional and digital assets.
The new fee rate of 0.65%, down from 1.49%, enhances the attractiveness of this product for investors interested in a strategic and cost-effective exposure to these assets.
Commitment to Accessibility and Value
Mandy Chiu, Head of Financial Product Development at 21Shares, commented on the changes, stating:
“At 21Shares, it has always been our goal to make cryptocurrency investments accessible, and this fee reduction reflects our commitment to deliver value to our investors. By lowering the fees for HODLX and BOLD, we enable more investors to participate in the future of finance at lower costs.”
This move underscores 21Shares’ dedication to providing innovative and cost-effective investment solutions tailored to the evolving needs of the global investor community. Both ETPs are fully physically backed by the underlying assets, securely stored through “Cold Storage” solutions, ensuring the highest level of trust for investors.
Overview of 21Shares’ Fee Reductions as of September 24, 2024
| Product Name | ISIN (Ticker Symbol) | Previous Fee (Annual) | New Fee (Annual) |
|---|---|---|---|
| 21Shares Crypto Basket 10 ETP | CH1135202179 (HODLX) | 2.5% | 0.49% |
| 21Shares Bytetree BOLD ETP | CH1146882308 (BOLD) | 1.49% | 0.65% |
An insight into 21Shares’ innovative approach.
About 21.co / 21Shares
21.co is a leading provider of products that facilitate easy access to the world of cryptocurrency. As the parent company of 21Shares, 21.co is recognized as the world’s largest issuer of exchange-traded products (ETPs) based on crypto assets. The ETPs are offered on Onyx, a proprietary technology platform used by both 21Shares and third parties for the issuance and operational management of cryptocurrency ETPs. Founded in 2018 by Hany Rashwan and Ophelia Snyder, 21.co is headquartered in Zürich, Switzerland, with offices in Zürich, London, and New York.
In conclusion, the reductions in these fees mark a pivotal moment for investors, allowing easier entry into the cryptocurrency world. As 21Shares continues to innovate in this space, the appeal of digital assets grows, promising opportunities that could redefine traditional financial paradigms.