21Shares will close 6 cryptocurrency exchange-traded products

ChainCatcher news, cryptocurrency exchange-traded product (ETP) provider 21Shares will close 6 crypto trading products due to weakened investor demand. The 5 funds that are set to close include 21Shares S\&P Risk Controlled Bitcoin Index ETP (SPBTC), 21Shares S\&P Risk Controlled Ethereum Index ETP (SPETH), 21Shares DeFi 10 Infrastructure ETP (DEFII), 21Shares Crypto Layer 1 ETP (LAY1), and 21Shares USD Yield ETP (USDY).

The last trading day for these ETPs is April 6, and the 21Shares Terra Classic ETP (LUNA) will be delisted starting June 12. The total asset size of these six fund products is less than $700,000. (CoinDesk)