21Shares lists Bitcoin Ethereum Core ETP ABBA on Xetra and cuts down management fee

Bitcoin ETP ETP of 21Shares, ABBA, will be listed on the XXTRA platform of Deutsche Börse, because the company reduces product management fees by 0.49%.

In a recent press releaseThe largest product transmitter negotiated in exchange for cryptocurrency in the world has declared that it would reduce management costs for its bitcoin (BTC) Ethereum (Ethn) Heart ETP Abba, before his list on the xetra exchange.

Bitcoin Ethereum Core etp of the company, Abba, is entirely supported by BTC and ETH, two of the largest cryptocurrencies by market capitalization. The product is also in complete safety of institutional quality police custody.

From March 12, ABBA management fees will be reduced by 0.49%. The reduction of the costs of the Swiss wealth manager aims to make the ETP double product more profitable and more accessible to investors before its Xetra list.

Xetra is one of the largest deutsche Börse trading platform for traded products on the stock market. The company hopes that the product list on xetra will be able to provide more liquidity and accessibility to European Investors.

The chief of financial product development, Mandy Chiu, at 21Shares, said that the reduction of management fees for ABBA aligns with the mission of companies to provide investors with profitable and innovative cryptographic investment products.

“Reducing costs on Abba and bringing it back to Xetra are important steps to make Bitcoin and Ethereum more accessible via a trusted and regulated investment vehicle,” said Chiu.

Last November, 21Shares presented Four ETPs supported by Crypto to its European offers. ETPs have been set by four different cryptocurrencies, which are a Pyth network (Pythm) Ondo (Ondo), Give back (GIVE BACK), and the near protocol (CLOSE). The company’s loved one allows investors to reinvest milestone awards in the token in ETP.

More recently, 21Shares laid An official S-1 application for a Polkadot spot (POINT) Negotiated funds in the United States Commission of securities March 7. The file is an updated version of the company’s first Polkadot ETP application from January 31.