21Shares is set to list its Bitcoin Ethereum Core ETP (ABBA) on Deutsche Börse’s Xetra platform while reducing its management fee by 0.49%, making the investment product more cost-effective for investors.
In a recent announcement, the Swiss-based crypto ETP issuer confirmed the fee reduction would take effect on March 12. The ABBA product, fully backed by Bitcoin (BTC) and Ethereum (ETH), is securely held in institutional-grade custody, offering investors exposure to the two largest cryptocurrencies by market capitalization.
The decision to cut fees aligns with 21Shares’ broader strategy of enhancing affordability and accessibility for investors, particularly ahead of ABBA’s listing on Xetra, one of Deutsche Börse’s leading trading platforms for exchange-traded products. The firm expects the move to boost liquidity and attract more European investors.
“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,”
said Mandy Chiu, Head of Financial Product Development at 21Shares.
This development follows 21Shares’ recent European expansion, introducing four new crypto-backed ETPs in November. These products provide exposure to Pyth Network (PYTH), Ondo (ONDO), Render (RNDR), and NEAR Protocol (NEAR), with the NEAR ETP allowing investors to reinvest staking rewards directly into the product.
In the U.S., 21Shares is also pushing for further regulatory approvals, having filed an updated S-1 application with the Securities and Exchange Commission (SEC) on March 7 for a spot Polkadot (DOT) exchange-traded fund. This follows an initial application submitted on January 31.
In its 2025 State of Crypto Market Outlook, published on December 9 2024, 21Shares projected a strong growth trajectory for the crypto industry, highlighting Bitcoin’s continued rise, Ethereum’s revenue recovery, and the rapid expansion of stablecoins. The firm estimated that assets under management (AUM) in crypto exchange-traded products (ETPs) could reach $150 billion by 2025, driven by institutional adoption, regulatory approvals in the U.S., and improving macroeconomic conditions.
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