• Cryptocurrency asset management firm 21Shares is shutting down five exchange-traded products (ETPs) and delisting another due to declining investor demand.
• The move comes as digital tokens struggle amid the Federal Reserve's efforts to control inflation and as the cryptocurrency space faces multiple scandals, including the implosion of exchange FTX.
• The five ETPs to be closed are the 21Shares S&P Bitcoin Risk Control ETP (SPBTC-USD), the 21Shares S&P Ether Risk Control ETP (SPETH-USD), the 21Shares DeFi 10 Infrastructure ETP (DEFII), the 21Shares Crypto Layer 1 ETP (LAY1) and 21Shares USD Yield ETP (USDY).
• The last trading day for these ETPs is April 6, while the 21Shares Terra Classic ETP (LUNA-USD) will be delisted effective June 12.
• The firm's total assets for the six funds are under $700,000.
• 21Shares' first fund, 21Shares Crypto Basket Index ETP (HODL), which was launched during the crypto slump of 2018, will continue trading and has assets of approximately $100 million.

The article has a negative sentiment as it reports on the decline of investor demand for cryptocurrency exchange-traded products and the shutting down of five ETPs by 21Shares.