21Shares Reduces HODL ETP Fees to 0.99% Effective Immediately

21Shares AG reduced fees on its HODL exchange-traded product (ETP) from 2.5% to 0.99%, effective immediately as of 07:00 UTC.

This reduction allows investors to retain more profits, making crypto exposure via traditional brokerages more affordable for retail and institutional investors in the EU.

Key points include:

Transition from monthly to quarterly rebalancing starting June 20
Expectation of increased ETP inflows due to lower fees
HODL tracks major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and BNB
HODL is backed by digital assets in cold storage with a regulated custodian
Highlights competition in the crypto ETP market

Additionally, 21Shares launched a Dogecoin-based ETP last month and has partnered with ARK Invest on the ARK 21Shares Bitcoin ETF, which has attracted over $2.7 billion in net inflows since January 2024.