21Shares Bitcoin ETP is a digital asset exchange-traded product designed to provide investors with exposure to Bitcoin through a regulated investment structure. The product is fully physically backed by Bitcoin held in institutional cold storage, and its value is intended to track the performance of the underlying cryptocurrency. Issued by 21Shares AG, it is used by market participants seeking a simple way to access Bitcoin without directly managing digital wallets or private keys. The product is available through standard brokerage accounts and is distributed across multiple European markets, making it a widely used instrument for portfolio diversification and digital-asset allocation. As one of the established Bitcoin ETPs in the market, 21Shares Bitcoin ETP plays a notable role in connecting traditional capital markets with cryptoasset exposure.