With the cryptocurrency market still undergoing a significant downturn, investment fund operators across the industry struggle to attract investors. Now, several of them appear to be cutting fees, as they hope to entice investors to renew their commitments.
Buy the Dip – Now Cheaper Than Ever
Last month, Swiss crypto investment group 21Shares launched a new investment product. The company rolled out the 21Shares Bitcoin Core ETP (CBTC) – an exchange-traded product (ETP) that is built to offer low-cost exposure to Bitcoin even amid the market selloff.
CBTC is a physically-backed Bitcoin ETP. The ETP comes with a total expense ratio of 21 basis points – a clever reference to Bitcoin’s 21 million hard cap.
21Shares also disclosed that the ETP’s ratio is 44 basis points below the next lowest ETP available on the market. Funds offered by other institutional investment firms in the market (such as Global X and Fidelity Investments) usually come between 70 and 77 basis points. On the flip...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...