Latest news on ETFs
Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools
Fund managers are slashing the cost of exchange traded products to lure investors back into the asset class amid the ongoing crypto crash.
Cryptocurrency specialist 21Shares, a Swiss group, has launched a new vehicle that tracks the price of bitcoin that undercuts rivals — and even its own flagship products — in an effort to tempt investors as they try to weather the bear market.
The launch comes amid a painful sell-off for all things crypto, with the price of bitcoin down 70 per cent from its November highs to $19,430, and the market value of the top 500 crypto tokens having slumped to less than $1tn from a high of $3.2tn.
21Shares’ new listed security comes with a total expense ratio of just 0.21 per cent. That is below the last round of cost cutting when companies such as Fidelity and Global X offered products tied to bitcoin at between 0.4-0.7 per cent. It is also an...
Read Full Story:
https://www.ft.com/content/dc1cf04a-fd07-42a9-94e6-c302a1d655f7
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.