EUR/USD 1.17386
0.003%
Gold 4299.39
0.458%
Oil 57.266
-0.824%
USD/JPY 155.873
0.202%
GBP/USD 1.33658
-0.150%
GBP/JPY 208.340
0.053%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to EuroPravda, the Czech president stated that the goal of supplying Ukraine with 1.8 million rounds of large-caliber ammunition this year has been achieved.Iranian media reported that 18 crew members of a foreign oil tanker seized in the Gulf of Oman have been detained on suspicion of transporting "smuggled fuel."On December 13th, Han Wenxiu, Deputy Director of the Central Financial and Economic Affairs Commission and Director of the Central Rural Work Leading Group Office, stated that to ensure the success of next years economic work, it is essential to adhere to the principle of seeking progress while maintaining stability, improving quality and efficiency, strengthening counter-cyclical and cross-cyclical adjustments, and effectively enhancing the efficiency of macroeconomic governance. Since the Politburo meeting on September 26th last year, a series of policies and measures have been introduced and implemented, and additional policies will be introduced and implemented next year based on changes in the situation. It is crucial to leverage the integrated effect of existing and new policies to promote steady and positive economic growth. The market economy is largely an expectation economy; therefore, it is necessary to improve the expectation management mechanism, conduct effective economic publicity and public opinion guidance, respond promptly to market concerns, and effectively boost social confidence.On December 13th, it was reported that an EU official stated on the 12th that Ukraines accession to the EU before 2027 is "absolutely impossible." According to reports, a European diplomat said that Ukraines accession to the EU before 2027 is "extremely difficult," and it is unclear whether EU leaders support this plan. Hungarian Prime Minister Viktor Orbán stated on the 8th that the EUs admission of Ukraine would be tantamount to declaring war on Russia, and that the EU is preparing for war with 2030 as the target date.On December 13, Venezuelan President Maduro stated that the United States usual tactics of lying, coercion, extortion, and threats are "completely ineffective" and "will never work" against Venezuela, following the recent seizure of an oil tanker in waters near Venezuela and the announcement of new sanctions.

21Shares Unveils S&P Risk Controlled Ethereum and Bitcoin ETPs

Skylar Shaw

Jul 21, 2022 15:08

微信截图_20220721150212.png


21Shares has launched new risk-adjusted cryptocurrency investment products that are based on the benchmarks of the S&P Dow Jones Indices, with the market meltdown having erased $2 trillion from the value of all cryptocurrencies in only a few months.


More precisely, by rebalancing assets to the U.S. dollar, two new exchange-traded products (ETPs) will aim for a volatility threshold of 40%.

Crypto Investment Products with Considerable Risk

Both exchange-traded products, which will trade on the Swiss SIX Exchange, provide investors access to the two biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).


Notably, the third-largest stock exchange in Europe and the principal capital market for Swiss equities is the SIX Swiss Exchange, which is a member of the larger SIX Group and operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA).


The ETPs mix exposure to a volatile cryptocurrency with cash in order to attain an overall aim of moderate volatility. They will trade under the tickers SPBTC and SPETH.


This comes after the company's efforts to introduce the S&P Cryptocurrency Broad Digital Industry (BDM) Index, which contains more than 240 tokens and offers a performance snapshot of the cryptocurrency market.


The index is a development of S&P's newly introduced S&P Digital Market Indices family of benchmarks for digital assets. The business has also said that indexes like SPBTC and SPETH attempt to reduce volatility linked to underlying cryptocurrencies.

Asset Rebalancing

The new risk-adjusted cryptocurrency investment products aim for a volatility level of 40% since they match S&P Dow Jones Indices' benchmarks.


This is accomplished by rebalancing the portfolio or adding additional assets to the USD in times of volatility. To put things in perspective, the benchmarks for S&P indexes manage risk by modifying exposure to the underlying index and altering allocations to U.S. dollars on the fly.


For equal-risk-weighted parity strategies, the S&P Risk Parity Index Series as a whole offers a benchmark that is based on rules. By leveraging futures to reflect various asset classes and the risk/return characteristics of funds provided in the risk parity area, these indexes create risk parity portfolios.


According to Arthur Krause, the director of 21Shares' ETP, the aim of 40 percent relates to volatility rather than investing performance, while large-cap stocks in the US have annual historical volatility of 20 percent. This percentage was 70 percent for Bitcoin and 80 percent for Ethereum, according to him.


We are still in a bear market generally, and inflows to funds are at lower levels than previously, despite the company's crypto inflows setting new all-time highs and just topping $100 billion in new assets under management (AUM) year-to-date. This is shown by CoinShares' most recent weekly report, which reveals that investment product volumes remained very low at $1 billion over the course of the week while digital asset investment products had inflows of $12 million last week.


The Crypto Winter Suite, a group of new products that 21Shares announced last month will be available, targeting both retail and institutional investors in nations including France, Germany, Switzerland, Austria, Sweden, the Netherlands, and Australia.

Suggestion