21Shares Lowers Fees for ETPs, Making Investment Easier
21Shares Cuts Management Fees for Major ETPs
21Shares AG, a key player in the cryptocurrency exchange traded products (ETPs) market, has made headlines by announcing a fee reduction for two of its standout products: the 21Shares Crypto Basket 10 ETP (HODLX) and the 21Shares Bytetree BOLD ETP (BOLD). This strategic move aims to provide investors with a more affordable pathway into the ever-evolving world of digital assets.
Enhanced Accessibility for Cryptocurrency Investors
The modifications in management fees for HODLX and BOLD represent a commitment to democratize access to cryptocurrency investments. The HODLX now boasts a management fee of just 0.49%, while BOLD has been adjusted to a competitive 0.65%. These changes make it easier for a wider audience to engage with innovative investment vehicles that encompass both digital currencies and traditional assets.
Diverse Digital Asset Exposure
The 21Shares Crypto Basket 10 ETP (HODLX) provides its investors with exposure to the top ten digital assets by market capitalization. This product gets rebalanced quarterly to ensure it accurately reflects the dynamic nature of the cryptocurrency market. The fee reduction to 0.49% allows investors to tap into a diversified investment in the digital asset ecosystem without facing prohibitive costs.
A Balanced Approach with Traditional Assets
On the other side, the 21Shares Bytetree BOLD ETP (BOLD) offers a unique combination of Bitcoin and Gold. This innovative product balances the traditional security associated with gold alongside the rapid growth potential of Bitcoin. By adopting a risk-adjusted weighting scheme and rebalance frequency of each month, BOLD aims to provide strategic exposure to these assets. The updated 0.65% management fee further enhances its attractiveness, especially for investors who are keen on inflation hedges and economic stability.
A Commitment to Investor Value
Mandy Chiu, the Head of Financial Product Development at 21Shares, emphasized the firm's dedication to making cryptocurrency investment more approachable. "Our mission has always been to make investing in cryptocurrency more accessible, and this fee reduction is a reflection of our commitment to delivering value to our investors," she noted. By lowering fees on HODLX and BOLD, 21Shares is empowering more investors to explore the future of finance.
Trust and Security in Digital Investments
These new fee structures highlight 21Shares' ongoing dedication to innovative, low-cost investment solutions customized to meet the needs of modern investors. Both ETPs are completely physically backed by underlying assets, which are securely held in cold storage. This provides peace of mind for investors, as they can trust in the integrity and security of their investments. Overall, these changes not only position 21Shares favorably within the competitive landscape of ETPs but also align with a broader trend of simplifying access to cryptocurrency investing.
The strong backing from 21Shares and their strategic initiatives signify their commitment to adapting to an evolving market that requires robust yet accessible investment avenues.
Frequently Asked Questions
What are the new management fees for HODLX and BOLD?
HODLX's management fee has been reduced to 0.49%, while BOLD's fee is now 0.65%.
What does the 21Shares Crypto Basket 10 ETP include?
HODLX provides exposure to the top ten digital assets by market capitalization, rebalanced quarterly.
How does the BOLD ETP balance its assets?
BOLD combines Bitcoin and Gold with a risk-adjusted weighting and is rebalanced monthly to reflect market conditions.
What is 21Shares' mission?
21Shares aims to make cryptocurrency investing more accessible and cost-effective for all types of investors.
How does 21Shares ensure the security of its ETPs?
Both ETPs are 100% physically backed by their underlying assets, securely stored in cold storage, ensuring trust and integrity for investors.
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