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.
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As of Sep 22, 2023
As of Sep 22, 2023
Net Asset Value:
$0.87
Assets Under Management:
$9,330,452
YTD Return:
-50.65%
1D Change:
-0.41%
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.
Relevant Documents
Recommended Insights
We recommend you to read the following reports if you are interested in this product.
Reports21Shares Short Bitcoin ETP One-pager
PrimerBitcoin — Research Primer
Recommended Insights
We recommend you to read the following reports if you are interested in this product.Reports21Shares Short Bitcoin ETP One-pager
PrimerBitcoin — Research Primer
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