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
SPETH
21Shares S&P Risk Controlled Ethereum Index ETP
As of Feb 03, 2023
Net Asset Value:
$21.48
Assets Under Management:
$107,446
YTD Return:
+19.92%
1D Change:
+3.46%
Overview
Description
Although Ethereum is one of the best performing assets of the past decade, risk-averse investors are often wary of its price fluctuations. Historically, Ethereum's annualized volatility has hovered above 80%. The 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) provides exposure to Ethereum while attempting to smooth the volatility to a target level of 40% by tracking an underlying index. The S&P Ethereum Dynamic Rebalancing Risk Control 40% Index aims to achieve this by adjusting exposure to the S&P Ethereum 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 Ethereum Index ETP (SPETH) seeks to track the investment results of the S&P Ethereum 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 SPETH through their existing bank or brokerage.
Growth
Ethereum is one of the leading smart contract platforms in the crypto industry and currently is the second-largest crypto asset by market capitalization. Ethereum captures the growth of the thriving digital economy by paving the way for the emergence of Web 3 and its underlying sectors, such as decentralized finance (DeFi), games, art, media and music (NFTs).
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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