Bitcoin News Update: 21Shares Connects Conventional and Crypto Markets Through 40 Act ETFs
- 21Shares launched first U.S. crypto index ETFs under the 1940 Act, offering diversified exposure to top 10 cryptocurrencies including Bitcoin and Ethereum . - The TTOP and TXBC ETFs charge 0.5%-0.65% fees, rebalance quarterly, and exclude Bitcoin in TXBC to focus on smaller altcoins. - These ETFs leverage stricter 1940 Act standards over the 1933 Act, attracting institutional investors amid growing regulatory clarity for crypto products. - The launch signals maturing crypto markets, with 21Shares partner
21Shares, a prominent provider of cryptocurrency exchange-traded products (ETPs), has
These new ETFs,
"For the first time, investors can access a diversified crypto fund under the '40 Act structure, which is considered the benchmark for institutional investors," stated Duncan Moir, president of 21Shares.
This launch coincides with a period of increasing regulatory clarity for crypto investments,
The market has responded with cautious optimism. While single-asset Bitcoin ETFs like BlackRock's IBIT have attracted significant inflows, multi-asset crypto ETFs face hurdles in a turbulent market.
As the crypto ETF sector develops, 21Shares' move into index-based offerings reflects a maturing industry. The firm's expertise in navigating regulatory requirements while providing innovative investment options could set a benchmark for future products, especially as competition heats up among asset managers seeking a share of the $140 billion U.S. crypto ETF market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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