21Shares Reduces Fees for Bitcoin Ethereum Core ETP to 0.49%
21Shares has reduced the management fees for its Bitcoin Ethereum Core ETP (ABBA) to 0.49%, enhancing affordability for investors. This adjustment coincides with Bitcoin's decline to $79,059.43, noted as a multi-month low.
- The ETP is now one of the most cost-effective options for exposure to Bitcoin and Ethereum, which together comprise 69.8% of the crypto market.
- ABBA has been listed on Xetra exchange starting March 12, 2025.
- Mandy Chiu from 21Shares emphasized that lower fees increase access to digital currencies.
Bitcoin (BTC) Analysis
Bitcoin is at a critical juncture with an anticipated 8% breakout potential. Key support levels are identified at $79,270 and $69,450.
- Technical patterns indicate a bullish ascending triangle with a breakout target around $83,000.
- Factors contributing to recent price declines include Wall Street's risk aversion and US economic concerns.
- Technical indicators suggest potential upward momentum despite recent selling pressure.
Ethereum (ETH) Resistance Level
Ethereum is encountering resistance between $2,250 and $2,610, where over 65 million ETH has been accumulated by 12.28 million investors.
- A breakthrough of this resistance could lead to further gains driven by institutional adoption and products like ABBA.