21Shares US LLC has filed a registration statement with the SEC for two Funds, the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. These are the first crypto basket ETFs registered under the Investment Company Act of 1940, offering diversified exposure to the crypto market through dedicated indexes maintained by FTSE Russell. The 21Shares FTSE Crypto 10 Index ETF tracks a market cap-weighted index of the top ten largest crypto assets globally, while the 21Shares FTSE Crypto 10 ex-BTC Index ETF excludes Bitcoin, focusing on cryptocurrencies and blockchain networks with real-world applications beyond Bitcoin’s macro hedge proposition.

Structured as 1940 Act funds, the ETFs provide investors with a familiar and tax-efficient vehicle for participating in the long-term growth of digital assets. 21Shares aims to provide ETF structures to meet investor demand for diversified and accessible ways to invest in digital assets. The methodology and structure behind the digital asset pricing and indices were developed to give investors strategic allocation tools. The Funds are being launched in partnership with ETF Solutions by Teucrium, with a registration statement filed with the SEC but not yet effective.

Read more at GlobeNewswire: 21Shares Files for 21Shares FTSE Crypto 10 Index ETF and