Crypto ETPs incur annual product costs on the part of the issuer for managing the securities. This is how issuers cover their costs related to transactions on the crypto network, custody of the coins, etc. The costs are charged directly against the crypto entitlement of the ETP units you hold, so it decreases slightly over time.

Crypto ETPs incur annual product costs on the part of the issuer for managing the securities. This is how issuers cover their costs related to transactions on the crypto network, custody of the coins, etc. The costs are charged directly against the crypto entitlement of the ETP units you hold, so it decreases slightly over time.