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As of Feb 03, 2023
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SBTC

21Shares Short Bitcoin ETP

As of Feb 03, 2023
Net Asset Value:
$1.20
Assets Under Management:
$9,811,489
YTD Return:
-31.52%
1D Change:
-2.73%
Contact Sales
Overview

Description

The 21Shares Short Bitcoin ETP (Ticker: SBTC) seeks to provide a -1x return to the performance of Bitcoin for a single day. This product obtains short exposure through borrowing Bitcoin and simultaneously selling it on an execution platform.

Eligible collateral for this product are USD/USDC and Bitcoin.

Disclaimer

This product is designed to provide a -1x exposure to Bitcoin's performance on a daily basis. Investors who are contemplating such exposure should be mindful of the recommended holding period. For periods of longer than one day, the return of the product is not the same since the total return of the performance is multiplied by a factor of minus one. This is simply because the factor of minus one is reset on a daily basis.

Inverse ETPs are not suitable to all investors. This product is only intended for investors who understand the risks investing in a product with short exposure and intend to invest on a short-term basis.

Benefits

Inverse Crypto

Designed to enable investors to profit from adverse price movements of Bitcoin.

Daily Rebalancing

In contrast to shorting trading strategies, the inverse ETP resets at the end of each day and performance is not rolled over. It is recommended for shorter holding periods.

Institutional Grade Setup

21Shares works with industry leading lending facilities in the crypto industry, custodians and trading desks to ensure the highest level of professionalism.

Intraday Liquidity

Investors can trade the inverse ETP and open/close trading positions during trading hours to react quickly to sudden price movements.

Details

Key Information

Name21Shares Short Bitcoin ETP
Inception DateJan 21, 2020
Issuer21Shares AG
AUM$9,811,489
Securities Outstanding9850000
NAV$1.20
Fee2.5%
LendingNo

Ticker Symbols

Ticker
SBTC
Valor
51406505
ISIN
CH0514065058
Reuters
SBTC.S
WKN
A2781V
iNAV
DE000SLA9204
Bloomberg
SBTC SW
Performance
1M
Market data provided by Alpha Vantage and CryptoCompare. Not investment advice, for informational purposes only. Historical performance is not an indication of future performance.

Compare SBTC to:

Cumulative%

As of Feb 03, 2023
NAV
1 Month
-30.81%
3 Months
-18.2%
YTD
-31.52%
Since Inception
+20.39%
Trading

Trading Information

Euronext Amsterdam
Local Ticker
SBTC NA
Currency
USD
Euronext Paris
Gettex
Boerse Duesseldorf
Boerse Stuttgart
SIX Swiss Exchange
Deutsche Boerse Xetra

Underlying Assets

Bitcoin Exposure
Weighting
100%
Exposure per Unit
-0.00005100
NAV per Unit
1.20390000
Service Providers
Flow Traders
Custody
Bank Frick
Market Maker
Flow Traders
Collateral Agent
The Law Debenture Trust Corporation PLC
Jane Street
L&S
GHCO
DRW Holdings
Bluefin Europe LLP

Recommended Insights

We recommend you to read the following reports if you are interested in this product.
21Shares Short Bitcoin ETP One-pager
Reports21Shares Short Bitcoin ETP One-pager
Mar 25, 2021
Bitcoin — Research Primer
PrimerBitcoin — Research Primer
Mar 23, 2020

Recommended Insights

We recommend you to read the following reports if you are interested in this product.
21Shares Short Bitcoin ETP One-pager
Reports21Shares Short Bitcoin ETP One-pager
Mar 25, 2021
Bitcoin — Research Primer
PrimerBitcoin — Research Primer
Mar 23, 2020
View all Insights

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