21Shares has partnered with Teucrium ETFs to submit two novel cryptocurrency index exchange-traded fund (ETF) proposals to the U.S. Securities and Exchange Commission. The filings comprise the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.
Both proposals track the prominent FTSE Crypto 10 Index, though the latter specifically excludes Bitcoin exposure. The ETFs utilize a structure governed by the Investment Company Act of 1940, mirroring the regulatory approach of comparable products like the Rex-Osprey Solana Staking ETF.
This regulatory engagement demonstrates the cryptocurrency industry’s ongoing innovation despite the absence of definitive SEC guidelines for crypto-based investment vehicles. The filings introduce diversified crypto market access options for traditional finance participants while navigating persistent regulatory ambiguity surrounding digital asset ETFs.