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As of Mar 24, 2023

SBTC

21Shares Short Bitcoin ETP

As of Mar 24, 2023

Net Asset Value:

$0.92

Assets Under Management:

$9,712,905

YTD Return:

-47.63%

1D Change:

+2.04%

Contact Sales

Notice:

FAQs on USDC market volatility

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

Factsheet

Key Information Document

Final Terms

Issue Specific Summary

Details

Key Information

Name	21Shares Short Bitcoin ETP
Inception Date	Jan 21, 2020
Issuer	21Shares AG
AUM	$9,712,905
Securities Outstanding	9950000
NAV	$0.92
Fee	2.5%
Lending Eligible	No

Ticker Symbols

Ticker	SBTC
Valor	51406505
ISIN	CH0514065058
Reuters	SBTC.S
WKN	A2781V
iNAV	DE000SLA9204
Bloomberg	SBTC SW

Performance

Market data provided by Alpha Vantage and CryptoCompare. Not investment advice, for informational purposes only. Historical performance is not an indication of future performance.