21Shares Short Bitcoin ETP One-pager

The 21Shares Short Bitcoin ETP (Ticker: SBTC | ISIN: CH0514065058) seeks to prove a -1x return to the performance of Bitcoin for a single day. The product obtains daily short exposure by borrowing Bitcoin and simultaneously selling it on an execution platform. This one-pager gives a brief overview of SBTC and explains the role it can play in one's portfolio.