Cheaper Crypto Investments: 21Shares Cuts Fees on Two Key ETPs

In a recent policy shift, 21Shares AG, one of the largest issuers of exchange-traded products (ETPs) for cryptocurrencies globally, has announced a significant reduction in the management fees associated with two of its flagship financial instruments: the 21Shares Crypto Basket 10 ETP and the 21Shares Bytetree BOLD ETP. Effective immediately, the fees for these products have been lowered to 0.49% and 0.65%, respectively, making these innovative investment tools more accessible to a wider range of investors.

Emerging trends in cryptocurrency investments.

The 21Shares Crypto Basket 10 ETP (HODLX) presents a diverse engagement across the ten largest digital assets based on market capitalization, with quarterly rebalancing that reflects market dynamics. With this fee reduction from 2.5% to 0.49%, investors now have a more cost-effective opportunity to capture the growth potential of digital assets within a single, diversified ETP.

Additionally, the 21Shares Bytetree BOLD ETP (BOLD) offers a unique blend of Bitcoin and gold, presenting a balanced approach to both digital and traditional assets. This fund employs a risk-adjusted weighting scheme, recalibrating its composition monthly to combine the steady security of gold with the growth prospects of Bitcoin. The updated fee of 0.65%, down from the previous 1.49%, enhances this product’s appeal to investors seeking a strategic and cost-efficient avenue for exposure to these assets.

“At 21Shares, our mission has always been to make cryptocurrency investments more accessible, and these fee reductions reflect our commitment to delivering value to our investors,” remarked Mandy Chiu, Head of Financial Product Development at 21Shares. “By lowering the fees on HODLX and BOLD, we enable more investors to engage with the future of finance at a reduced cost.”

These adjustments underscore 21Shares’ dedication to providing innovative and affordable investment solutions that meet the evolving needs of the global investor community. Both ETPs are fully backed by the underlying assets, securely held in cold storage, ensuring the highest level of trustworthiness for investors.

Overview of the Fee Reductions at 21Shares as of September 24, 2024:

• Product Name: 21Shares Crypto Basket 10 ETP (HODLX)
  • Previous Fee (Annual): 2.5%
  • New Fee (Annual): 0.49%
• Product Name: 21Shares Bytetree BOLD ETP (BOLD)
  • Previous Fee (Annual): 1.49%
  • New Fee (Annual): 0.65%

21.co, the umbrella company for 21Shares, is prominently known for offering products that simplify access to the world of cryptocurrency. As the largest global issuer of cryptocurrency-based ETPs, their products are developed on Onyx, an in-house technology platform utilized 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 operates from its headquarters in Zurich, Switzerland, with offices located in Zurich, London, and New York. More information can be found at 21.co and 21shares.com.