SBTC

SBTC

21Shares Short Bitcoin ETP
ISIN
CH0514065058
Investment Thesis
Factsheet
ARKB Reserves
CETH Reserves
$
0.16
Net Asset Value
As of
Dec 2, 2024

100% physically backed by USDC and cash, a stablecoin pegged to the U.S. dollar, the 21Shares Short Bitcoin ETP (SBTC) tracks the inverse performance of Bitcoin, resulting in -1x returns of Bitcoin. This ETP is part of a suite designed to equip experienced investors with a toolkit for tactical exposures.

Available on the following banks/brokerages:
Assets Under Management:
$
4,594,040.91
YTD Return:
-67.32
%
1D Change:
0.99
%
Staking Yield:
%
* 21Shares LLC ("The Sponsor") will waive its entire management fee for the Fund until 23 January 2025 or until assets reach $500 million, whichever occurs first.

Overview

As of
Dec 2, 2024

Description

100% physically backed by USDC and cash, a stablecoin pegged to the U.S. dollar, the 21Shares Short Bitcoin ETP (SBTC) tracks the inverse performance of Bitcoin, resulting in -1x returns of Bitcoin. This ETP is part of a suite designed to equip experienced investors with a toolkit for tactical exposures.

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

Modulate exposure

For experienced investors looking to capitalize on daily market fluctuations, SBTC provides tactical exposures and an easy way to make portfolio adjustments.

Tactical toolkit

SBTC is part of a product suite offering investors a familiar way to take a tactical position in the crypto market through easy-to-trade investment products.

100% physically backed

SBTC is 100% physically backed by USDC and cash and kept in cold storage by an institutional-grade custodian, offering greater protection than custody options available to individual investors.

Carbon Neutral

21Shares has participated in carbon offset schemes since 2018. Our commitment involves offsetting our carbon footprint through green initiatives, like cleaner power generation, reforestation efforts, and coral reef protection, all geared towards safeguarding the planet for future generations.

Key Information

Name
21Shares Short Bitcoin ETP
Type
Digital Asset ETF
Primary Exchange
Cboe BZX Exchange, Inc.
Inception Date
Jan 21, 2020
Sponsor
21Shares US LLC
Fund Custodan
Coinbase Custody Trust Company, LLC, Copper Technologies (Switzerland) AG
Marketing Agent
Foreside Global Services LLC
Issuer
21Shares AG
AUM
$
4,594,040.91
Securities Outstanding
28005000
NAV per Unit
$
0.16
Net Assets
$
4,594,040.91
Sales Services
Resolute Investment Distributors, Inc.
-
Fee
0.00
2.50
%
Lending Eligible
No
Yes

Ticker Symbols

Ticker
SBTC
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Valor
51406505
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ISIN
CH0514065058
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Cusip
04071F102
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Cusip
409191022
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Reuters
SBTC.S
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WKN
A2781V
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iNAV
DE000SLA9204
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Bloomberg
SBTC SW
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Underlying Assets

As of
Dec 2, 2024
Currency
Allocation
Coin entitlement
Reference Price

Performance

All
7d
1m
3m
ytd
1y
Year

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 SBTC to:
Bitcoin
S&P 500
Euro Stoxx
NAV and Market Price
NAV
$
-
NAV Change
-
Median Bid/Ask Spread (30 Day)
%
Market Price
-
Market Price Change
-

Cumulative%

As of
Dec 2, 2024
Period:
1 month
3 months
ytd
Since Inception
NAV:
-32.20
%
-45.37
%
-67.32
%
-99.20
%

Additional Information

Trading

Exchange
Local Ticker
currency
Exchange
Local Ticker
currency
test
test
test

Service Providers

Authorized Participants
Bluefin Europe LLP, DRW Holdings, Flow Traders, GHCO, Jane Street, L&S, Nyenburgh, Virtu Financial Ireland Limited
Collateral Agent
The Law Debenture Trust Corporation PLC
Market Maker
Flow Traders
Custody
Coinbase Custody Trust Company, LLC, Copper Technologies (Switzerland) AG

How to invest: A step by step guide

Step 1
Choose from the list of bank/broker platforms below to begin
Chevron
Step 2
Select the number of ETP shares you wish to purchase and specify the order type (market order, limit order, stop loss, etc.).*
Step 3
Review your order to ensure accuracy and confirm the trade
Step 4
After the ETP order is executed, you can track the investment's performance through your brokerage account
*It is important to note that market orders will execute at the current market price, while limit orders allow investors to set a specific price at which to buy or sell the ETP.

Why 21Shares

01

Innovative Products

Unlock the future of investment with the world's first and largest range of crypto ETPs, enhancing the security and accessibility of digital asset investment.

02

Trusted Expertise

Invest with confidence as you explore the crypto space with our team of blockchain and financial industry experts, providing valuable market insights and ensuring compliance throughout your investment journey.

03

Unmatched Accessibility

Experience broad access to the crypto markets through our extensive product range, offering seamless trading on global exchanges and brokers.

Underlying Assets

As of
Dec 2, 2024
Currency
Allocation
Coin entitlement
Reference Price
Bitcoin
61.92%
0.0000045674
32455.09
LBMA Gold Price