21Shares AG Cuts Fees for Its Bitcoin and Ethereum Core ETP (ABBA) and Lists It on Xetra Exchange

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)

21Shares AG, a leading issuer of cryptocurrency exchange-traded products (ETPs), has announced a reduction in the management fee for its 21Shares Bitcoin Ethereum Core ETP (ABBA) and its listing on Xetra.

The management fee for the product ABBA has been decreased to 0.49%. The product, which provides equal exposure to both Bitcoin and Ethereum, will now have a management fee of 0.49%. The ETP is also being listed on Xetra, one of Deutsche Börse’s main trading platforms for exchange-traded products in Germany.

The product is a vehicle that provides investors with an easy and cost-effective way to access both Bitcoin and Ethereum. The company aims to attract a wider range of investors to the product with the lowered management fee and provide broader exposure to both Bitcoin and Ethereum.

The company is expanding the product’s reach with the listing on Xetra, which will provide European investors with greater liquidity, accessibility and transparency, further strengthening 21Shares’ presence in the region.

“At 21Shares, we are focused on delivering the best possible products and user experience. We are committed to continuously improving our product offerings to meet the evolving needs of our growing pool of investors worldwide,” said Mandy Chiu, Head of Financial Product Development at 21Shares.

The company aims to ensure there is ongoing innovation in the sector with its products and that they remain focused on user interest.

Earlier in September 2024, 21Shares reduced the fee of its Crypto Basket 10 ETP (HOLDX) to 0.49% from 2.5% and the Bytetree BOLD ETP to 0.65% from 1.49%.

Earlier in January 2024, BlackRock and ARK 21Shares cut Bitcoin ETF fees and Global X ETFs reduced the management fee for the Global X 21Shares Ethereum ETF.