21Shares Cuts Fees on Bitcoin and Ethereum Core ETP (ABBA) to Make Digital Asset Investments More Affordable

21Shares, a leading provider of exchange-traded products (ETPs), has announced a substantial reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA).

21Shares, a recognized provider of exchange-traded products (ETPs), has announced a substantial reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA). The move is aimed at making digital asset investments more accessible, the company said in a press release on Monday.

21Shares has reduced the fees to 0.49%, which is among the lowest in the industry and will broaden the ETP’s appeal to a wider range of investors. The ETP provides investors with a single product to gain exposure to both Bitcoin and Ethereum, which together make up 69.8% of the crypto space.

The ETP has also been included in Deutsche Börse’s premier trading service for ETPs, Xetra exchange, as of March 12, 2025.

“We are always looking for ways to make digital asset investing as accessible and cost-effective as possible,” said Mandy Chiu, a director at 21Shares. “By reducing the management fee on our flagship Bitcoin and Ethereum ETP, we will be able to introduce this product to an even larger user base.”

The move comes as the world’s leading cryptocurrency, Bitcoin (BTC), is at a critical juncture. According to crypto analyst Ali Martinez, the crypto giant could be on the verge of an 8% breakout.

Technical Analysis

Market dynamics suggest that both Bitcoin (BTC) and Ethereum (ETH) are at a critical junction. According to crypto analyst Ali Martinez, Bitcoin could be on the verge of an 8% breakout, with key support levels identified at $79,270 and $69,450.

In the last 24 hours, BTC is trading at $81,056.43 and has shown a slight recovery after falling to a multi-month low of $79,059.43, according to CoinMarketCap data.

As the price dropped, it formed an ascending triangle pattern, a bullish pattern. The breakout level is around $83,000, which aligns with the horizontal resistance level which is acting as the support for the cryptocurrency.

After reaching a high of $100,000 earlier this year, Bitcoin has dropped to below $80,000. This decline has been attributed to multiple factors, including Wall Street’s risk aversion, fears of a US recession, and concerns over tariffs under US President Donald Trump’s policies.

Moreover, the lack of fresh BTC purchases under Trump’s strategic reserve plan has disappointed investors, adding to the downward pressure. However, technical indicators suggest a potential reversal.

The relative strength index (RSI) has formed a bullish divergence, indicating that while BTC prices dropped, the momentum behind the selling is weakening. This pattern is often an early signal of an upward trend reversal.

After the US consumer price index (CPI) data, which showed a 0.3% rise in July versus expectations of a 0.4% increase, macroeconomic activity may influence BTC’s direction.

Ethereum Faces Resistance

Meanwhile, another cryptocurrency giant, Ethereum, is encountering a key resistance zone. A crypto analyst has identified a crucial price range for Ethereum (ETH), highlighting a zone of strong resistance.

According to Ben, this resistance is located between $2,250 and $2,610. To put this into perspective, this range has seen the accumulation of over 65 million ETH by 12.28 million investors.

If the second-largest cryptocurrency can manage to break through this level, it could set the stage for further gains, which are being anticipated due to increasing institutional adoption and ETPs like ABBA, providing mainstream investors with greater access to ETH.

Despite the challenges posed by the macroeconomic environment, institutional interest in crypto continues to grow, evidenced by the recent launch of Goldman Sachs’s own crypto trading unit.