21Shares Bitcoin Cash ETP is a digital asset exchange-traded product designed to provide direct exposure to Bitcoin Cash through a physically backed structure. The product tracks the performance of Bitcoin Cash and holds the underlying asset in institutional-grade cold storage, giving investors a transparent way to access the cryptocurrency within a traditional market format. Bitcoin Cash is a blockchain-based digital currency focused on everyday payments, and this ETP is built to reflect that use case by linking the product’s value to the coin itself. 21Shares Bitcoin Cash ETP is used by market participants seeking single-asset crypto exposure, and it sits within the broader digital asset segment of the financial market, where listed ETPs are used to package cryptocurrency exposure in a regulated security structure.