Crypto exchange-traded products (ETPs) provider 21Shares is reportedly carrying out initiatives in response to bearish actions in the crypto sphere via releasing crypto winter-centric investment solutions.

Specifically, the firm has reportedly completed the introduction of the 21Shares Bitcoin Core ETP (CBTC), an ETP particularly built as a tool providing low-cost exposure to Bitcoin (BTC) to the ongoing market sell-off.

The physically-backed Bitcoin ETP will be available for trading on the SIX Swiss Exchange on June 29th, with an overall expense ratio of 21 basis points selected to reflect the 21 million cap on Bitcoin. Per the firm, CBTC’s ratio is 44 basis points under the next lowest product on the market.

CBTC is reportedly included in the scope of a larger project from 21Shares, including bear market-centric series of tools that go by the name “Crypto Winter Suite”. 

The offering has a primary target of equipping investors with extra alternatives via which they can tap into the crypto ecosystem during challenging markets by providing lower costs, 21Shares’ ETP product director Arthur Krause further revealed. 

“Typically, the best time to buy an asset is when prices have fallen — but that is often when investors are the most reluctant to buy”. 

He additionally disclosed that CBTC works towards the goal of simplifying the process of tapping into Bitcoin for investors during highly volatile markets to optimize portfolio returns.

Per the executive, 21Shares has already released numerous tools designed to function in more challenging market conditions, including 21Shares Short Bitcoin ETP and 21Shares Bytetree BOLD ETP. The new crypto winter offering looks to widen the scope of these investment opportunities further on bear market-focused products. 

“CBTC will be a permanent member of the 21Shares product range (as will future products launched as a part of the Crypto Winter Suite). We intend to offer investors a full range of products that support them in positioning portfolios for a range of market conditions.”