LIFGB
Overview
An investment in the Trust is not a direct investment in bitcoin. Investors will also forgo certain rights conferred by owning bitcoin directly. The Fund is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940, unlike most exchange traded products or ETFs. An investment in LIFGB involves significant risks, may be subject to extremely volatility and investors could lose their entire investment. Thus, LIFGB is not suitable for all investors.
Fund Objective
LIFGB seeks to track the performance of bitcoin, as measured by the performance of the CME CF Bitcoin Reference Rate – New York Variant (the “Index”), adjusted for the Trust’s expenses and other liabilities.
Why LIFGB?
- Growth Potential. Bitcoin was the first decentralized currency and is the largest digital asset by market cap (at over $1T*). It is well established as a digital currency with a broad user-base and liquidity. LIFGB offers a registered vehicle for this long term strategic holding.
- Simple Exposure to Bitcoin. LIFGB provides exposure to bitcoin which is kept in cold storage** by a trusted custodian, offering greater protection than custody options available to individual investors.
- Tool for Diversification. Add diversification to a portfolio by adding an asset with low correlation to traditional assets.
- Exposure without Complexity. Access to one of the leading digital assets without mastering arcane details of how to safely trade or store them.
*Source: Coinbase. As of March 31, 2024.
** Bitcoin cold storage refers to the
practice of keeping bitcoins in offline environments to safeguard them from
potential online threats of hacking and theft. Cold storage provides vital
protection for both long-term holders and investors against the numerous risks
posed by malicious actors online.
Fees
- MANAGEMENT FEE 0.21%
- DISTRIBUTION AND/OR SERVICE (12B-1) FEES 0.00%
- OTHER EXPENSES 0.00%
- ACQUIRED FUND EXPENSES 0.00%
Fund Details
- TICKER LIFGB
- Net Assets $4,069 Million
- TYPE Indexed Commodity ETF
- CUSIP 40919102
- ISIN US0409191022
- INCEPTION DATE 01/10/2024
- EXPENSE RATIO 0.21%
- TYPICAL NUMBER OF HOLDINGS 1
- WEIGHTED AVG. MLIFGET CAP. $1.8 Trillion
- MEDIAN MLIFGET CAP. $1.8 Trillion
- SPONSOR21Shares US LLC
- SUB-ADVISOR LIFG Capital LTD
- SALES SERVICES Resolute Investment Distributors, Inc.
- MLIFGETING AGENT Foreside Fund Services, LLC
NAV Historical Change
- NAV $81.82
- NAV Change -$2.49 | -2.95%
- Median Bid/Ask Spread (30 Day) 0.05%
- Market Price $82.13
- Market Price Change -$2.23 | -2.64%
- Day’s Trading Volume 1,410,280 shares
Top 10 Holdings
Premium/Discount
Recent Premium/Discount
| NAV | 4PM Mid-Point | Difference | Premium/Discount |
|---|---|---|---|
| $81.82 | $82.09 | $0.27 | 0.33% |
- Premium: 19
- NAV: 0
- Discount: 33
- Percent of Days ± 0.5% of NAV: 78.85%
- Number of Days ± 0.5% of NAV: 41
The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
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Investing involves risk, including the possible loss of principal. There is no assurance that the Trust will generate a profit for investors.
The Trust may not be suitable for all investors.The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Trusts focusing on a single asset generally experience greater volatility. There are special risks associated with short selling and margin investing. Please ask your financial advisor for more information about these risks.Bitcoin is a relatively new asset class, and the market for bitcoin is subject to rapid changes and uncertainty. Bitcoin is largely unregulated and bitcoin investments may be more susceptible to fraud and manipulation than more regulated investments.
Bitcoin is subject to unique and substantial risks, including significant price volatility and lack of liquidity, and theft. The value of an investment in the Trust could decline significantly and without warning, including to zero. Bitcoin is subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for bitcoin, and other factors. There is no assurance that bitcoin will maintain its value over the longterm.
Failure by the Trust’s Bitcoin Custodian to exercise due care in the safekeeping of the Trust’s bitcoin could result in a loss to the Trust. Shareholders cannot be assured that the Bitcoin Custodian will maintain adequate insurance with respect to the Bitcoin held by the custodian on behalf of the Trust.The Trust is not actively managed and will not take any actions to take advantage, or mitigate the impacts, of volatility in the price of bitcoin.An investment in the Trust is not a direct investment in bitcoin. Investors will also forgo certain rights conferred by owning bitcoin directly.
The trading prices of many digital assets, including bitcoin, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of bitcoin, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
Shares of the Trust are generally bought and sold at market price (not NAV) and are not individually redeemed from the Trust.
Only Authorized Participants may trade directly with the Trust and only large blocks of Shares called “creation units.” Your brokerage commissions will reduce returns.Shares in the Trust are not FDIC insured and may lose value and have no bank guarantee. This material must be accompanied or preceded by a prospectus. Carefully consider the Trust’s investment objectives, risk factors, and fees and expenses before investing. For further discussion of the risks associated with an investment in the Trust please read the Trust’s prospectus.
Foreside Global Services LLC is the marketing agent of the LIFG 21Shares Bitcoin ETF. 21Shares US LLC is the sponsor of the LIFG 21Shares Bitcoin ETF.
21Shares is not affiliated. with Foreside Global Services LLC. 21Shares is not affiliated with LIFG capit LTD. As sub-adviser to the Funds, LIFG Invest provides assistance in the marketing of the Shares.
