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.
As of Feb 03, 2023
SPBTC
21Shares S&P Risk Controlled Bitcoin Index ETP
As of Feb 03, 2023
Net Asset Value:
$21.84
Assets Under Management:
$109,221
YTD Return:
+34.31%
1D Change:
+2.05%
Overview
Description
Although Bitcoin is one of the best performing assets of the past decade, risk-averse investors are often wary of its price fluctuations. Historically, Bitcoin's annualized volatility has hovered above 70%. The 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) provides exposure to Bitcoin while attempting to smooth the volatility to a target level of 40% by tracking an underlying index. The S&P Bitcoin Dynamic Rebalancing Risk Control 40% Index aims to achieve this by adjusting exposure to the S&P Bitcoin Index and allocating to U.S. dollars. The index is rebalanced dynamically when the daily allocation change crosses a certain threshold.
Objective
The 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) seeks to track the investment results of the S&P Bitcoin Dynamic Rebalancing Risk Control 40% Index.
Benefits
Simple
Gain access to the innovative crypto asset class without signing up for a new account. Investors can buy SPBTC through their existing bank or brokerage.
Growth
Bitcoin is one of the best performing assets of the past decade and currently is the largest crypto asset by market capitalization. As the original crypto asset, it has launched what we view as the next big evolution in financial technology.
Collateralization
21Shares holds the underlying crypto assets in cold storage equal to 100% of the value of the notes at all times.
Institutional Grade Security
Institutional grade security and custody solution using a variety of safety measures including cold-storage, multiple private keys, whitelisting and audit trails.
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