As part of the Crypto Winter Suite, the ETPs seek to limit cryptocurrencies’ volatility by tracking the S&P Bitcoin Dynamic Rebalancing Risk Control 40% Index and the S&P Ethereum Dynamic Rebalancing Risk Control 40% Index
ZURICH, Switzerland – July 20, 2022 – 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange traded products (ETPs), today announced the listing of two new ETPs on SIX Swiss Exchange, to offer investors exposure to the largest cryptocurrencies – Bitcoin and Ethereum – while targeting less volatility. These two ETPs are the latest products in 21Shares’ Crypto Winter Suite – a set of products designed to help investors weather the bear market.
The 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) provide exposure to their namesake cryptocurrency while targeting a volatility level of 40%. With cryptocurrencies, including Bitcoin and Ethereum, subject to high levels of volatility, 21Shares’ newest Index ETPs are designed to soften that volatility by dynamically rebalancing – allocating more assets to USD when Bitcoin or Ethereum volatility rises or vice versa. The products achieve this by seeking to replicate S&P Dow Jones Indices’ benchmarks that control risk by adjusting the exposure to the underlying index and dynamically allocating to U.S. dollars.
“Data from our research team shows that adding Bitcoin…
