Weak Response For 21Shares Cryptocurrency ETPs

21Shares, a crypto exchange-traded product (ETP) issuer, is closing five funds and delisting another, citing dwindling investor demand for the products.

The 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC), the 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH), the 21Shares DeFi 10 Infrastructure ETP (DEFII), the 21Shares Crypto Layer 1 ETP (LAY1), and the 21Shares USD Yield ETP will be closed (USDY).

From April 6, they will be delisted from the Six Swiss Exchange and the Deutsche Boerse.

The Terra Classic ETP (LUNA) will also be delisted from the Six Swiss Exchange and the Deutsche Boerse on June 12.

The assets of the six funds total less than $700,000.

(With inputs from Shikha Singh)

3 days ago