21Shares AG announces a significant fee reduction for two of its flagship products:
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Mandy Chiu, Head of Financial Product Development at 21Shares
The 21Shares Crypto Basket 10 ETP and the 21Shares Bytetree BOLD ETP. With immediate effect, the management fees for these ETPs have been reduced to 0.49% and 0.65% respectively, making these innovative investment vehicles more accessible to a wider range of investors.
The 21Shares Crypto Basket 10 ETP (HODLX) offers diversified exposure to the ten largest digital assets by market capitalisation, rebalanced quarterly to reflect the dynamics of the crypto market. With this fee reduction from 2.5% to 0.49%, investors can now benefit from a more cost-effective way to capture the growth potential of the digital asset space in a single, diversified ETP.
The 21Shares Bytetree BOLD ETP (BOLD) offers a unique blend of Bitcoin and the commodity gold, providing a balanced approach to digital and traditional assets. BOLD’s risk-adjusted weighting scheme, which is rebalanced monthly, combines the safety of gold with the growth opportunities of Bitcoin and provides a diversified hedge against inflation and economic uncertainty. The new fee of 0.65% (previously 1.49%) increases the attractiveness of this product for investors seeking strategic and cost-effective exposure to these assets.
‘At 21Shares, our goal has always been to make investing in cryptocurrencies more accessible, and this fee reduction reflects our commitment to delivering value to our investors,’ commented Mandy Chiu, Head of Financial Product Development at 21Shares. ‘By lowering the fees for HODLX and BOLD, we are enabling more investors to participate in the future of finance at a lower cost.’
These fee reductions underscore 21Shares’ commitment to providing innovative and cost-effective investment solutions that meet the evolving needs of the global investment community. Both ETPs are 100 per cent physically backed by the underlying assets, which are held securely offline, ensuring the highest level of confidence for investors.
Overview of 21Shares’ fee reduction effective 24 September 2024:
| Product name | ISIN (ticker symbol) | Previous fee (annual) | New fee (annualised) |
| 21Shares Crypto Basket 10 ETP | CH1135202179 (HODLX) | 2,5% | 0,49% |
| 21Shares Bytetree BOLD ETP | CH1146882308 (BOLD) | 1,49% | 0,65% |
Source: ETFWorld.co.uk
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