Swiss company 21Shares announced a fee reduction for its Bitcoin Ethereum Core ETP and its upcoming listing on the Deutsche Börse Xetra platform.
Fee Reduction and Xetra Listing
21Shares announced a 0.49% fee reduction for its Bitcoin Ethereum Core ETP (ABBA). This decision, effective March 12, is linked with plans to list the product on Xetra, a leading trading platform for exchange-traded products by Deutsche Börse. The product is fully backed by Bitcoin and Ethereum and offers institutional-grade custody.
21Shares Expansion Strategy
The fee reduction and Xetra listing align with 21Shares' strategy to increase accessibility to crypto products. This comes after their recent European expansion with the introduction of four new crypto-backed ETPs featuring Pyth Network, Ondo, Render, and NEAR Protocol.
Predictions and the Future of the Crypto Industry
21Shares forecasts significant growth in the crypto industry in 2025, anticipating that assets under management in crypto exchange-traded products could reach $150 billion, driven by institutional adoption and improving macroeconomic conditions.
21Shares' steps to reduce fees and expand its European presence are part of a strategy to enhance cryptocurrency accessibility through regulated investment products.
