21Shares debuts two crypto index funds offering exposure to Bitcoin, Dogecoin and more
21Shares launched two new crypto index ETFs, TTOP and TXBC, registered under the 1940 Act.Summary
Cryptocurrency ETF provider 21Shares has launched two new crypto index ETFs: the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). These are the first crypto index ETFs registered under the Investment Company Act of 1940 to launch in the U.S., offering investors a regulated, diversified way to access the market.
The TTOP fund tracks a market cap-weighted index of the ten largest cryptocurrencies, including Bitcoin, Solana, Ethereum, and Dogecoin, with a 0.50% management fee. The TXBC fund, which has a 0.65% fee, invests only in crypto and blockchain networks focused on real-world applications beyond Bitcoin's macro hedge role. 21Shares developed both ETFs in collaboration with adviser Teucrium.
(Source：The Block)