21Shares Enhances Accessibility with Lower ETP Fees and New Listing
21Shares Announces Significant Fee Reduction for ETPs
21Shares AG, a prominent issuer of cryptocurrency exchange traded products (ETPs), has taken a notable step towards enhancing the accessibility of crypto investments. The company is excited to announce a new, lower management fee for the 21Shares Bitcoin Ethereum Core ETP (ABBA) to just 0.49%. This change reflects the company’s ongoing mission to make investing in cryptocurrencies more affordable for all market participants.
Commitment to Affordable Crypto Investments
The reduction in the management fee is a thoughtful move aimed at encouraging a wider array of investors to enter the cryptocurrency market. The 21Shares Bitcoin Ethereum Core ETP (ABBA) not only offers cost-efficient exposure to Bitcoin and Ethereum, but it is also designed to be fully backed by these digital assets.
Advantages of the 21Shares Bitcoin Ethereum Core ETP
By providing a fully backed investment vehicle, ABBA stands out as an appealing option for those seeking to invest in popular cryptocurrencies like Bitcoin and Ethereum. The reduced fee enhances the attractiveness of this product, allowing investors to engage with digital assets without incurring high management costs.
New Listing on Xetra for Increased Liquidity
In addition to this strategic fee reduction, 21Shares is also expanding the reach of the Bitcoin Ethereum Core ETP by listing it on the Xetra exchange, which is known for its robust trading platform. This listing is expected to provide greater liquidity and accessibility for European investors, reinforcing 21Shares’ presence in the region's financial landscape.
Expert Insights from 21Shares
Mandy Chiu, Head of Financial Product Development at 21Shares, highlights the company's dedication to innovation in the cryptocurrency space. "We aim to offer the most efficient crypto investment products. By lowering fees and increasing accessibility through our Xetra listing, we're ensuring that investors can make informed decisions with confidence," she states. This commitment to enhancing product offerings demonstrates 21Shares’ responsiveness to the needs of its diverse investor base.
Ensuring Security and Trust
Data security remains a top priority for 21Shares. The Bitcoin Ethereum Core ETP (ABBA) is not only backed by digital assets but also held in institutional-grade custody. This ensures that investor funds are protected with the highest levels of security, fostering trust in the cryptocurrency investment ecosystem.
Understanding 21Shares' Role in the Crypto Market
Since its inception, 21Shares has been a pioneer, being among the first to issue physically-backed crypto ETPs. Founded with the vision of bridging traditional finance and cryptocurrency, the company has continuously worked to break down barriers for entry into crypto investing. With many ETPs listed across various exchanges, 21Shares highlights its commitment to research and high-quality client service, which empowers its investors. Furthermore, the extensive offering of ETPs, including those linked to Bitcoin and Ethereum, showcases the company’s innovative approach to meeting market demands.
Frequently Asked Questions
What is the significance of the fee reduction for ABBA?
The fee reduction to 0.49% makes investing in Bitcoin and Ethereum more affordable and accessible for a wider range of investors.
Which exchange is the ABBA listed on?
The 21Shares Bitcoin Ethereum Core ETP (ABBA) is now listed on Xetra, a leading trading platform in Europe.
How does 21Shares ensure the security of its ETPs?
21Shares maintains high-security standards by ensuring that all cryptocurrencies in their ETPs are stored in institutional-grade custody.
What is the target audience for 21Shares’ ETPs?
The ETPs are designed for a broad range of investors who are interested in gaining exposure to cryptocurrencies without the complexities of owning the assets directly.
What has been the history of 21Shares in the financial market?
21Shares has a rich history of being a leading issuer of crypto ETPs since it launched the world’s first physically-backed ETP in 2018, with a commitment to providing innovative financial products.
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