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Bear Market Response: 21Shares Launches Crypto Winter ETP



 21Shares is a global issuer of exchange-traded crypto products (ETPs) and is responding to the current bear market by launching investment vehicles geared for the crypto winter.


The company launched the 21Shares Bitcoin Core ETP (CBTC). This is an ETP specifically designed to provide low-cost exposure to Bitcoin ( BTC ) in the current market environment.


The physically-backed Bitcoin ETP was listed on the SIX Swiss Exchange on Wednesday with a total expense ratio of 21 basis points. This number is a nod to the total supply of 21 million BTC . According to the company, CBTC's ratio is 44 basis points below the next lower product on the market.


CBTC is part of a bear market-focused product range from 21Shares. This product series is appropriately called Crypto Winter Suite. The offer is intended to give investors more options to enter the crypto ecosystem in difficult market conditions. To that end, the cost of these products is lower, as Arthur Krause, ETP product director at 21Shares, told Cointelegraph.


"Normally, the best time to buy an asset is when the price has fallen, but this is often where investors hesitate the most," Krause continues. He added that CBTC aims to give investors easier access to Bitcoin during periods of high volatility in order to optimize portfolio returns.


According to the managing director, 21Shares already offers several products aimed at more difficult market conditions. These include the products 21Shares Short Bitcoin ETP and 21Shares Bytetree BOLD ETP. The new crypto winter offering aims to expand these investment opportunities into products geared towards bear markets, according to Krause.


"CBTC is now an integral part of the 21Shares product range (as well as future products to be launched as part of the Crypto Winter Suite). We aim to offer investors a comprehensive range of products to help them position their portfolios for different market conditions."

many industry leaders were anticipating a major decline in the crypto market in 2022 . Some even predicted that the next bitcoin bull run would not come until 2024 or early 2025, around the fourth bitcoin halving .

In June, the largest cryptocurrency, Bitcoin, fell below $20,000 for the first time since late 2020 . This has created extreme fear in the market. Although many crypto companies suffered huge losses due to this bear market, some executives expressed their optimism, saying that bear markets are good for Bitcoin and the crypto industry in general.

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