21Shares AG, a well-known issuer of cryptocurrency exchange-traded products (ETPs), has announced a fee reduction for its product 21Shares Bitcoin Ethereum Core ETP (ABBA) and its listing on the Xetra exchange. From the press release, the management fees for the product ABBA will be decreased to 0.49%.
21Shares Main Aim for this Reduction
The main aim of the product 21Shares Bitcoin Ethereum Core ETP is to build a vehicle that makes it easier for the investors to access Bitcoin and Ethereum and is cost-effective. With lowering the management fees, the company is trying to attract in more investors to this product and provide a wider exposure to Bitcoin and Ethereum.
Additionally, the company is also expanding the reach of the product by listing it on, one of the well-known Deutsche Börse’s trading platform for exchange-traded products, Xetra. With this move, this will provide European investors with greater liquidity, accessibility and transparency, which will solidify the company’s presence in the European region.
Expert Speaks
Mandy Chiu, Head of Financial Product Development at 21Shares, stated that the main aim of the company is to make sure that there is continuous innovation within the sector with their products while keeping in mind user interest as well. She also stated “We are committed to continuously improving our product offerings to meet the evolving needs of our growing pool of investors worldwide.”
Previous Fee Reductions
This is not the first time the company has reduced fess on its ETPs to enhance accessibility and attract more investors. Previously in September 2024, the company reduced the fee of its Crypto Basket 10 ETP (HOLDX) from 2.5% to 0.49% and the Bytetree BOLD ETP from 1.49% to 0.65%.
Also, BlackRock and ARK 21Shares cut Bitcoin ETF fees in January 2024. Global X ETFs also reduced the management fee for the Global X 21Shares Ethereum ETF.
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