21Shares has partnered with Teucrium to file two new cryptocurrency ETFs with the U.S. Securities and Exchange Commission. These funds provide investors with access to digital assets through traditional financial structures.
New Crypto ETFs from 21Shares and Teucrium
21Shares has announced two new ETFs: the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. The first ETF aims to replicate a market-cap-weighted basket of the top 10 digital assets, while the second will track indices made up of non-Bitcoin tokens. Both products offer investors access to digital assets through familiar ETF structures.
Tokenization Strategy and Institutional Demand
Federico Brokate, Head of U.S. Business at 21Shares, highlighted that there is a strong interest in diversified crypto exposure. The firm’s use of the '40 Act framework signals a shift towards integrating crypto with traditional financial structures, offering tax and legal clarity. Brokate stated: 'Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets, and 21Shares aims to provide ETF structures to satisfy this demand, subject to regulatory approval.'
Growing Interest in Bitcoin and Ethereum ETFs
The ETF market has observed increasing institutional interest. According to SoSoValue, spot Bitcoin ETFs in the U.S. attracted $799.4 million on July 16. Meanwhile, Ethereum ETFs also showed record demand, with new single-day net inflows of $726.7 million. The rising popularity of crypto ETFs and the growing regulatory framework indicate a larger trend towards institutional adoption.
The support from institutional investors and the understanding from regulatory bodies create favorable conditions for the continued development of cryptocurrency-based ETFs. The partnership between 21Shares and Teucrium represents a significant step toward integrating digital assets into the traditional financial industry.
