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As of Feb 03, 2023
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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%
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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.

Details

Key Information

Name21Shares S&P Risk Controlled Bitcoin Index ETP
Inception DateJul 19, 2022
Issuer21Shares AG
AUM$109,221
Securities Outstanding5000
NAV$21.84
Fee2.5%
LendingNo

Ticker Symbols

Ticker
SPBTC
Valor
119403856
ISIN
CH1194038563
Reuters
SPBTC.S
WKN
A3G0BK
iNAV
DE000SL0FNA6
Bloomberg
SPBTC SE
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 SPBTC to:

Cumulative%

As of Feb 03, 2023
NAV
1 Month
+33.17%
3 Months
+14.24%
YTD
+34.31%
Since Inception
+9.21%
Trading

Trading Information

SIX Swiss Exchange
Local Ticker
SPBTC SE
Currency
USD

Underlying Assets

Bitcoin
Weighting
76.37%
Quantity Per ETP
0.00070649 ($16.68)
Reference Price
$23608.59
USD Coin
Service Providers
Flow Traders
Custody
Bank Frick
Market Maker
Flow Traders
Collateral Agent
The Law Debenture Trust Corporation PLC
Jane Street
Index Guide
Ticker
SPBTC
Provider
Rebalancing Frequency
Strategy
Data Aggregator

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