21Shares Cuts Management Fees for Bitcoin Ethereum Core ETP Ahead of Xetra Listing

21Shares, the world’s largest issuer of cryptocurrency exchange-traded products (ETPs), has announced a significant reduction in the management fee for its Bitcoin Ethereum Core ETP, known as ABBA. This move comes as the firm prepares to list the product on Deutsche Börse’s Xetra platform, one of Europe’s leading trading venues for exchange-traded products.

Lower Management Fees to Attract Investors

Starting March 12, the management fee for the ABBA ETP will be reduced by 0.49%. This adjustment is aimed at making the product more accessible and cost-effective for investors, particularly those interested in gaining exposure to Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization.

The ABBA ETP is fully backed by Bitcoin and Ethereum and is securely held in institutional-grade custody, ensuring a safe and reliable investment option for both beginners and seasoned investors in the cryptocurrency space.

Why the Xetra Listing Matters

By listing ABBA on Deutsche Börse’s Xetra platform, 21Shares seeks to enhance liquidity and accessibility for European investors. Xetra is renowned for its robust infrastructure and serves as a key hub for exchange-traded products across Europe.

Mandy Chiu, Head of Financial Product Development at 21Shares, highlighted the company’s commitment to providing cost-efficient and innovative crypto investment solutions. “Reducing the fees on ABBA and bringing it to Xetra are important steps in making Bitcoin and Ethereum more accessible through a trusted and regulated investment vehicle,” Chiu stated.

21Shares’ Growing European Presence

This fee reduction and new listing come on the heels of 21Shares’ recent expansion in Europe. Last November, the firm introduced four new crypto-backed ETPs, each tied to a specific cryptocurrency. These included Pyth Network, Ondo, Render, and the Near Protocol. Notably, the Near Protocol ETP allows investors to reinvest staking rewards directly into the product.

Recent Developments in the U.S. Market

In addition to its European initiatives, 21Shares is actively pursuing opportunities in the U.S. market. On March 7, the firm filed an updated S-1 application with the U.S. Securities and Exchange Commission (SEC) for a spot Polkadot (DOT) exchange-traded fund (ETF). This application builds on an earlier Polkadot ETF proposal submitted on January 31. If approved, it could pave the way for broader adoption of Polkadot among institutional and retail investors.

Key Takeaways for Investors

For those looking to diversify their portfolios with cryptocurrency investments, the reduced fees and Xetra listing of the ABBA ETP offer a compelling entry point. Here are a few advantages of the product:

  • Dual Exposure: Gain access to both Bitcoin and Ethereum in a single investment vehicle.
  • Cost Efficiency: Lower management fees enhance overall returns for investors.
  • Institutional-Grade Security: Assets are securely held in custody, ensuring peace of mind for investors.
  • European Accessibility: The Xetra listing provides a regulated and trusted platform for trading.

The move underscores 21Shares’ dedication to making cryptocurrency investments more accessible while maintaining high standards of security and compliance. As the cryptocurrency market continues to evolve, products like ABBA are helping bridge the gap between traditional finance and digital assets.

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