Sa. Mai 25th, 2024

After the successful Ethereum Merge 21Shares launches two new products – the 21Shares Short Ethereum ETP (SHETH) and the 21Shares Ethereum Core ETP (CETH) as part of the company’s Crypto Winter Suite – a set of products designed for the bear market.

Eliézer Ndinga, Director of Research at 21Shares comments on the Ethereum Merge: “The Merge is arguably one of the most positive developments in recent years, but the current valuation retracement (not just in crypto) has been triggered by the overall macro uncertainty with the last CPI numbers. The last inflation figures may indicate that inflation hasn’t necessarily peaked in the US and certainly not in Europe. Liquidations escalated the minor pullback we’ve seen post-Merge. To summarize, the setback in valuations is not fundamentally related to the Merge itself but more triggered by investors willing to prepare for potentially a tough winter

21Shares Short Ethereum ETP (SHETH) – Product Specifics:

This product seeks to provide a -1x return to the performance of Ethereum for a single day. This product obtains short exposure through borrowing Ethereum and simultaneously selling it on an execution platform.

This is similar to the existing 21Shares Short Bitcoin ETP (SBTC).

21Shares Ethereum Core ETP (CETH) – Product Specifics:

This product seeks to provide investment exposure to Ethereum as the world’s lowest cost physically-backed Ethereum ETP. The ETP can participate in collateralized lending allowing CETH to be one of the most competitively priced Ethereum ETPs on the market. The lending agreements with borrowers are executed through institutional grade lending partners. Loans are overcollateralized and monitored daily to protect the interest of shareholders.

This is similar to the existing 21Shares Bitcoin Core ETP (CBTC).

Arthur Krause, Director of ETP Product at 21Shares, comments the launch of the tow new Ethereum products as follows:

“Today, 21Shares launched two new products that mirror existing 21Shares products – but provide exposure to Ethereum, rather than Bitcoin. Our successful bitcoin products – Short Bitcoin and Bitcoin Core – were built in response to investor demand for more ways to access bitcoin in a professionally-managed product – whether to short the underlying or gain exposure through the world’s lowest-priced bitcoin ETP. Now – especially given the level of interest in Ethereum today – we wanted to provide investors with more options to enter the asset class with different products.”


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