🚀 A growing demand for regulated access to digital assets is transforming investor strategies towards multi-token exposure. On November 13, 21shares, a crypto exchange-traded fund (ETF) issuer, announced the launch of two index funds under the Investment Company Act of 1940. These funds aim to provide adaptive access to major cryptocurrencies through a framework typically used for traditional ETFs.
📊 The newly introduced funds are the 21shares FTSE Crypto 10 Index ETF (TTOP) and the 21shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). Both ETFs track FTSE Russell indices that are rebalanced quarterly to reflect changes in market capitalization. According to the announcement,
The 21shares Crypto Index ETFs, TTOP and TXBC, allow investors access to top digital assets – such as bitcoin as a store of value, ethereum and solana for smart contracts and DeFi, and dogecoin as a community asset – without the need to manage wallets or keys.
💬 Federico Brokate, global head of business development at 21shares, emphasized the benefits of index products:
Index products have proven to be an excellent way for investors to gain diversified exposure in traditional markets... The same principle applies to crypto investing.
He noted that many clients prefer a simple, regulated way to access the entire market rather than selecting individual tokens.
🤝 The launch of these ETFs is in partnership with Teucrium, an experienced ETF adviser focused on alternative markets. This initiative follows 21shares’ recent merger with Falconx to enhance services across various financial areas, furthering its global expansion strategy.