21Shares Files for SEC Approval of Crypto Index ETFs Excluding Bitcoin, Highlighting Ethereum Potential
2025-07-20 18:01:55
Main Idea
21Shares has filed with the SEC for two cryptocurrency index ETFs, one excluding Bitcoin, to provide U.S. investors with diversified exposure to top cryptocurrencies and enhance market access.
Key Points
1. 21Shares filed for two ETFs: the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF, tracking the top ten cryptocurrencies by market cap.
2. One ETF excludes Bitcoin, focusing on altcoins like Ethereum and Solana, which have shown significant market performance.
3. The ETFs are structured under the Investment Company Act of 1940, addressing compliance and tax implications for U.S. investors.
4. The filing aligns with growing investor demand for regulated, accessible crypto products and could enhance market liquidity and institutional adoption.
5. Ethereum's recent price surge and market cap growth highlight the potential of altcoins in diversified crypto investments.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! 21Shares has filed
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