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21Shares responds to bear market with crypto winter ETP

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21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools.The company has rolled out the 21Shares Bitcoin Core ETP (CBTC), an ETP specifically designed to offer low-cost exposure to Bitcoin (BTC) am to the ongoing market sell-off.The physically-backed Bitcoin ETP started trading on the SIX Swiss Exchange on June 29, with a total expense ratio of 21 basis points, selected to reflect the 21 million cap on Bitcoin.

According to the firm, CBTC’s ratio is 44 basis points below the next lowest product on the market.CBTC is part of 21Shares wider bear market-focused series of products referred to as the Crypto Winter Suite.

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