Crypto ETP-Provider 21Shares to Close Funds as Demand Fades (1)

Crypto exchange-traded products issuer 21Shares is closing down five funds and delisting another, a company spokesperson confirmed, as investor demand cooled for them.

The Zug, Switzerland-based company is shuttering five products: the 21Shares S&P Risk Controlled Bitcoin Index ETP (ticker SPBTC), the 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH), the 21Shares DeFi 10 Infrastructure ETP (DEFII), the 21Shares Crypto Layer 1 ETP (LAY1) and the 21Shares USD Yield ETP (USDY). The last trading day for the ETPs is April 6. The company is also delisting the 21Shares Terra Classic ETP (LUNA), effective June 12. The six funds have total ...