ETN / ETP · 21Shares
CBTC 21Shares Bitcoin Core ETP
ISIN CH1199067674London Stock Exchange: CBTC21Shares AG
- Crypto
- ETN / ETP
- Not S&S ISA
- SIPP
- Accumulating
Latest close
LSE£12.36
on
- Ongoing charge
- 0.10% a year
- Fund size
- £433m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, CBTC (21Shares Bitcoin Core ETP, ISIN CH1199067674) closed at £12.36 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the three years to 13/11/2026 its total return was −26.8%, or −33.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −30.8%
- −33.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −26.8%
- −33.9% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of 21Shares Bitcoin Core ETP in pounds (price, with income reinvested in the fund): 2025 −15.7%; 2026 to 13/11/2026 −22.3%. Returns of 21Shares Bitcoin Core ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −29.7%; to 30/09/2025: +81.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −22.3% | −24.8% | |
| to | −15.7% | −18.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −29.7% | −32.2% |
| from | +81.5% | +74.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
44.5%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since May 2024
- −49.7%
- From to
- Lowest 12-month return
- −46.4%
- 12 months to
- Highest 12-month return
- +98.6%
- 12 months to
- Below its highest weekly close since May 2024
- 42.5%
- High of , latest
In words: Volatility of 21Shares Bitcoin Core ETP in pounds, annualised from weekly returns to 13/11/2026: 44.5% over 1 year. Largest fall in the price of 21Shares Bitcoin Core ETP since May 2024, in pounds: −49.7% from 03/10/2025 to 05/06/2026. The lowest 12-month return of 21Shares Bitcoin Core ETP in pounds (price, with income reinvested in the fund) since May 2024 was −46.4% (12 months to 17/07/2026); the highest was +98.6% (12 months to 05/09/2025). On 13/11/2026 the price of 21Shares Bitcoin Core ETP was 42.5% below its highest weekly close since May 2024 (03/10/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.10%
- a year
- On £10,000
- £10
- a year, roughly
- Over five years
- £50
- of £10,000, before growth
- 1 charge less
- 1 the same
- 17 charge more
Ongoing charge of 21Shares Bitcoin Core ETP 0.10% a year. Compared on 14/11/2026, 17 of the 19 other crypto products charge more, 1 the same and 1 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
21Shares Bitcoin Core ETP is an exchange-traded product from 21Shares, launched in 2022.
It tracks the BTC/USD Exchange Rate - USD - Benchmark Price Return.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Crypto: Products that track Bitcoin and other cryptoassets.
Key facts
- Ticker
- CBTC
- ISIN
- CH1199067674
- Also listed as
- CBTU (London Stock Exchange, US dollars), 21BC (Xetra, euros)
- Provider
- 21Shares
- Structure
- ETN / ETP
- An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.10% a year · about £10 on £10,000
- Fund size
- £433m
- Launched
- Domicile
- Switzerland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- SIPP
- Check with your platform: each decides which funds it offers.
- Stocks and shares ISA
- Not eligible (crypto ETN)
- Since 06/04/2026. HMRC rules allow crypto ETNs in an Innovative Finance ISA, where a provider offers one, and in a SIPP.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Crypto
Price chart
Over the last year, the closing price went from £17.61 on 14/11/2025 to £12.36 on 13/11/2026 (−29.8%). The lowest close shown was £10.81 on 05/06/2026 and the highest £17.61 on 14/11/2025.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
129 weekly closes, from 31/05/2024 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Funds tracking the same index
4 funds track BTC/USD Exchange Rate - USD - Benchmark Price Return, this one included and share classes counted once; their ongoing charges range from 0.10% to 2.50% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| 21Shares Bitcoin Core ETPThis fundAccumulating · 0.10% a year | 0.10% | −30.8% | −26.8% | Not reported |
| 21Shares Bitcoin ETPAccumulating · 0.15% a year | 0.15% | −31.7% | Not reported | +3.2% |
| Bitcoin Tracker OneAccumulating · 2.50% a year | 2.50% | −33.9% | +77.2% | +0.8% |
| WisdomTree Physical Bitcoin0.35% a year | 0.35% | −31.5% | Not reported | +7.9% |
As of
BTC/USD Exchange Rate funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountRolling returns
The full range of 77 rolling 12-month returns since May 2024, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since May 2024, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of CBTC?
The ongoing charge of CBTC is 0.10% a year — about £10 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of 21Shares Bitcoin Core ETP 0.10% a year. Compared on 14/11/2026, 17 of the 19 other crypto products charge more, 1 the same and 1 less (share classes counted once).
What does CBTC track?
CBTC tracks the BTC/USD Exchange Rate - USD - Benchmark Price Return.
Is CBTC accumulating or distributing?
CBTC is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of CBTC?
The ISIN of CBTC is CH1199067674. An ISIN identifies one exact share class of a fund; CBTC is its ticker on the London Stock Exchange. The same share class is also listed as CBTU (London Stock Exchange, US dollars) and 21BC (Xetra, euros).
What were CBTC’s returns in each of the last five years?
Calendar-year returns of CBTC in pounds (price, with income reinvested in the fund): 2025 −15.7%; 2026 to 13/11/2026 −22.3%. Past performance is not a guide to future returns.
How has CBTC done after inflation?
Over the three years to 13/11/2026 CBTC’s total return was −26.8%, or −33.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- BITPCoinShares Bitcoin ETP0.15% a year · £1.2bn
- WXBTWisdomTree Physical Bitcoin0.35% a year · £1.1bn
- IB1TiShares Bitcoin ETP0.15% a year · £1.1bn
- BTCEBitwise Physical Bitcoin ETP2.00% a year · £588m
- 0PTNBitcoin Tracker Euro2.50% a year · £509m
- 0PTLBitcoin Tracker One2.50% a year · £482m
- ABTC21Shares Bitcoin ETP0.15% a year · £446m
- ETHPCoinShares Ethereum Staking ETP£250m
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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