SBTC

SBTC

21Shares Short Bitcoin ETP

The World's First Digital Asset Inverse ETP

All documentation

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.

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.

Why SBTC

Inverse Crypto

Inverse Crypto: Designed to enable investors to profit from adverse price movements of Bitcoin.

Daily Rebalancing

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

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

Intraday Liquidity: Investors can trade the inverse ETP and open/close trading positions during trading hours to react quickly to sudden price movements.

Allocation   As of July 31 2020
CryptocurrencyWeightingQuantity per ETPReference Price
Cash% ($)$
Bitcoin Exposure% ($)$
Trading Information
ExchangeBloomberg TickerListing Currency
SIX Swiss ExchangeSBTC SE
USD
Boerse StuttgartSBTCEUR GY
EUR

ELEGANTLY CRAFTED IN SWITZERLAND

The material contained on this website is for informational purposes only and 21Shares AG, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. Additionally, the material accessible through this website does not constitute a representation that the investments described herein are suitable or appropriate for any person. Past performance is not an indication of any future performance. For the complete terms and condition, as well as the privacy policy, please see English version. In case of discrepancy, the English version shall prevail.

1) https://cointelegraph.com/news/bitcoin-is-worlds-best-performing-asset-class-over-past-10-years-says-pompliano

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