Skip to main content

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.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more