21Shares, a veteran in crypto investment, announces a strategic partnership with Teucrium to launch two funds focused on crypto assets.
New Crypto ETFs from 21Shares
21Shares, which manages over $11 billion in assets, has announced the filing of two crypto ETFs with the U.S. Securities and Exchange Commission (SEC). These funds, 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF, aim to provide investors with a new way to participate in the growth of digital assets.
Fund Structure and Tax Aspects
Both funds will be structured under the 1940 Act, offering investors a more familiar tax setup. This will enable investors to access diversified and easy ways to participate in the cryptocurrency market, subject to regulatory approval.
Role of Tokenization of Crypto Assets
The tokenization of crypto assets, under the jurisdiction of the SEC, plays a critical role in the mainstream adoption of digital assets by institutional investors. This initiative is supported by recent legislative acts aimed at promoting this sector.
The partnership between 21Shares and Teucrium and the launch of new ETFs reflect a growing interest in crypto investment and an effort to provide investors with more accessible solutions for digital assets.
