Swiss-based cryptocurrency ETP issuer, 21Shares, will be closing five of its funds and delisting another due to low demand from investors.

The company will terminate the 21Shares S&P Risk Controlled Ethereum Index ETP, the 21Shares S&P Risk Controlled Bitcoin Index ETP, the 21Shares DeFi 10 Infrastructure ETP, the 21Shares USD Yield ETP, and the 21Shares Crypto Layer 1 ETP.

The 21Shares Terra Classic ETP will also be delisted in June. Arielle Pennington, Head of Global Communications, said that the firm would continue to offer its other products that are experiencing a high level of demand.

The low interest in the ETPs, which have total assets of less than $700,000, was cited as the main reason behind the move.

Pennington added that demand for the other ETPs remained strong and that January saw a significant inflow of assets under management for the 21Shares Bitcoin ETP and the 21Shares Ethereum ETP, which surpassed $200 million.

The decline in interest in ETPs may be due to the Fed’s policy of raising interest rates and the cryptocurrency industry’s numerous scandals and collapses, including FTX, Terra, and Celsius.

Despite the challenges, the market condition has improved since the start of the year, with Bitcoin and several altcoins reaching multi-month highs amid the banking crisis in the US. If the Fed puts an end to its aggressive rate hikes, the cryptocurrency industry could further benefit, and risk-off assets may get a boost.