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.
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.
Designed to enable investors to profit from adverse price movements of Bitcoin.
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.
Investors can trade the inverse ETP and open/close trading positions during trading hours to react quickly to sudden price movements.
Compare SBTC to:
Cumulative %As of Dec 01, 2023
Bluefin Europe LLP
Virtu Financial Ireland Limited
How to invest: A step by step guideEverything you need to know to invest in our products at 21shares.
*It is important to note that market orders will execute at current market price, while limit orders allow investors to set a specific price at which to buy or sell the ETP.