21Shares files crypto index ETFs via ‘easy-to-access’ method – All you need to know
2025-07-20 06:38:02
Main Idea
21Shares has filed for two crypto index ETFs under the faster 1940 Act route, aiming to expedite approval and avoid delays faced by other filings under the 1933 Act.
Key Points
1. 21Shares filed for two crypto index ETFs tracking the top 10 blockchains, including the 21Shares FTSE Crypto 10 Index ETF.
2. The ETFs are structured under the Investment Company Act of 1940, a faster approval method compared to the Securities Act of 1933.
3. Other SOL ETF issuers like Grayscale, Bitwise, and Canary, filed under the 1933 Act, have not yet been approved.
4. The SEC placed a stay order on Grayscale's approved GDLC conversion, delaying live trading until crypto ETF guidelines are standardized.
5. 21Shares' use of the 1940 Act may help avoid regulatory delays, as noted by ETF Store's Nate Geraci.
Description
21Shares has opted for a faster route adopted by REX-Osprey Solana staking application.
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