The 21Shares Crypto Basket 10 Core ETP (HODLX) offers investors a diversified and professionally managed approach to gaining exposure to the cryptocurrency market. This exchange-traded product is fully collateralized by the underlying digital assets, providing a secure and transparent investment vehicle. By holding the top ten cryptocurrencies by market capitalization, HODLX combines the stability of established assets like Bitcoin and Ethereum with the growth potential of other leading digital currencies.
Key Features and Benefits
Broad Market Diversification
HODLX provides access to the ten largest cryptocurrencies by market cap, ensuring broad representation of the crypto market. This diversification helps mitigate the risks associated with investing in individual assets, making it an ideal choice for both new and experienced investors.
Professional Portfolio Management
The ETP is rebalanced quarterly to maintain alignment with its investment strategy. This dynamic management avoids overexposure to any single asset and minimizes the impact of short-term market fluctuations. Continuous monitoring ensures the portfolio remains well-diversified and effective.
Full Collateralization
HODLX is 100% collateralized, with the underlying cryptocurrencies held in cold storage by institutional custodians. This offers investors greater security compared to other storage options available in the market.
Climate Protection Commitment
Since 2021, 21Shares has been committed to climate protection. Their contributions support projects focused on cleaner energy production and reforestation efforts, designed to protect the planet for future generations.
Essential Product Information
- Product Name: 21Shares Crypto Basket 10 Core ETP
- Primary Exchange: Cboe BZX Exchange, Inc.
- Launch Date: September 28, 2021
- Fund Custodian: Copper Technologies (Switzerland) AG
- Marketing Agent: Foreside Global Services LLC
- Securities in Circulation: 865,000
- Sales Services: Resolute Investment Distributors, Inc.
How to Invest: A Step-by-Step Guide
- Select a Platform: Choose a brokerage or bank that offers access to HODLX.
- Place Your Order: Specify the number of ETP shares you wish to purchase and the order type (market order, limit order, stop loss, etc.).
- Confirm Transaction: Review your order details and confirm the trade.
- Monitor Performance: Track your investment's performance through your account after execution.
Note: Market orders are executed at the current market price, while limit orders allow investors to set a specific price for buying or selling ETP shares.
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Trading and Partnership Details
Authorized Participants
Bluefin Europe LLP, DRW Holdings, Flow Traders, GHCO, Jane Street, L&S, Nyenburgh, Virtu Financial Ireland Limited.
Key Partners
- Warrant Agent: The Law Debenture Trust Corporation PLC
- Market Maker: Flow Traders, GHCO
- Depositary: Copper Technologies (Switzerland) AG
Frequently Asked Questions
What is the 21Shares Crypto Basket 10 Core ETP?
It is an exchange-traded product that offers diversified exposure to the top ten cryptocurrencies by market capitalization. The ETP is fully collateralized and professionally managed.
How often is the ETP rebalanced?
The portfolio is rebalanced quarterly to maintain its strategic allocation and avoid overexposure to any single asset.
Is the ETP secure?
Yes, the underlying assets are held in cold storage by institutional custodians, providing enhanced security for investors.
Can I trade HODLX on major exchanges?
Yes, it is listed on the Cboe BZX Exchange and available through various brokerage platforms.
What order types are available for trading?
Investors can use market orders, limit orders, stop loss orders, and other standard order types.
Does 21Shares support environmental initiatives?
Yes, 21Shares contributes to climate protection projects, including cleaner energy production and reforestation efforts.
Why Choose 21Shares?
21Shares is a leader in the cryptocurrency ETP space, known for its innovative products and commitment to security and sustainability. Their professionally managed portfolios offer a convenient way to invest in digital assets while minimizing risks associated with market volatility.