SPETH

SPETH

21Shares S&P Risk Controlled Ethereum Index ETP

Targeting lower volatility exposure to Ethereum

Product Documents
Data as of September 23, 2022

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.

Simple

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

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

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

Institutional grade security and custody solution using a variety of safety measures including cold-storage, multiple private keys, whitelisting and audit trails.

Trading Information
ExchangeLocal TickerCurrency
SIX Swiss ExchangeSPETH SE
USD
Underlying Assets
CryptocurrencyWeightingQuantity per ETPReference Price
USD Coin61.40%11.35037235 ($11.35)$1.00
Ethereum38.60%0.00555780 ($7.13)$1283.63
  • SIX Swiss Exchange

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

1) Annualized projected yield before management fee.

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