The 21shares’ bitcoin ethereum core etc. will be listed on the Xetra platform of Deutsche Börse, as the firm reduces the product’s management fee by 0.49%.
recently Press releaseThe world’s largest cryptocurrency exchange-traded product issued said that it would cut the management fee for its Bitcoin (BTC) Etharium (ETH) Core ETP ABBA, which is ahead of its listing on the extra exchange.
The firm’s bitcoin atherium core is fully supported by ETP, ABBA, BTC and ETH, two of the largest cryptocurrency by market cap. The product is also safely conducted in institutional-grade custody.
Starting from March 12, ABBA’s management fee will be cut by 0.49%. The lack of fee of Swiss Wealth Manager aims to make double product ETP more cost -effective and accessible to investors before its Xetra listing.
Dutash is one of the largest trading platforms of Dutash Bores for Extra Exchange-Treded Products. The firm hopes that the product listing on Xetra will be able to provide greater liquidity and access to European investors.
Mandy Chiu, head of financial product development, stated in 21 Shar that the reduction in management fee for ABBA has been aligned with the mission of firms to provide investors with cost-skilled and innovative crypto investment products.
“Reduce fees on ABBA and bring it into extra are important steps in making bitcoin and atherium more accessible through a reliable and regulated investment vehicle,” Chiu said.
Last November, 21Shares introduced four crypto-supported ETPs in their Europe’s offerings. The ETP was underestimated by four separate cryptocurrency, which are Pyth Network (Pyth) Ondo (Ondo), Render, and near Protocol (near). The firm near the ETP allows investors to renovate rewards from tokens in ETP.
Recently, 21Shares filed an official S -1 application for the US Securities and Exchange Commission on 7 March for the US Securities and Exchange Commission. The filing is an updated version of the first Polakdot ETF application of the firm from 31 January.
