21Shares Applies for Two New Cryptocurrency Index ETFs
The post 21Shares Applies for Two New Cryptocurrency Index ETFs appeared on BitcoinEthereumNews.com. Key Points: 21Shares proposes new ETFs tracking top ten crypto assets. Cryptocurrency ETFs reflect regulatory shifts. Potential boost to altcoins from ETFs. 21Shares Ltd. recently submitted an application to the U.S. Securities and Exchange Commission to launch two cryptocurrency index exchange-traded funds (ETFs). The attempt aims to broaden U.S. investors’ exposure to diversified crypto assets, potentially increasing market flows into the digital finance sector. 21Shares and Teucrium’s Strategic ETF Filings Explained 21Shares Ltd., in collaboration with Teucrium, has filed for approval of two ETFs: the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. The ETFs intend to track the ten largest cryptocurrencies by market capitalization, with oversight from FTSE Russell. Kristen Mierzwa from FTSE Russell emphasized that their indices provide strategic allocation opportunities. The approval of these ETFs signals a growing movement toward incorporating cryptocurrencies within mainstream investments. Such initiatives are increasingly leveraging the U.S. Investment Company Act of 1940, providing a familiar regulatory environment. This could lead to enhanced liquidity and price adjustments in altcoins and non-Bitcoin crypto assets. Our indices were crafted to provide strategic allocation differentials grounded on a strong digital asset pricing architecture. – Kristen Mierzwa, Head of Digital Assets, FTSE Russell Potential Market Impact and Regulatory Considerations Did you know? The approval of the first spot Bitcoin ETF in the U.S. led to significant institutional investments and improved liquidity for Bitcoin, setting a precedent for multi-asset crypto ETFs like those proposed by 21Shares. According to CoinMarketCap, Bitcoin (BTC) is currently priced at $117,895.77 with a market cap of approximately $2.35 trillion, holding a 60.72% market dominance. Over the past 90 days, Bitcoin’s price has increased by 35.20%. Recent trading volume stands at $46.60 billion, marking a decrease of 38.71%. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 02:13 UTC…
The post 21Shares Applies for Two New Cryptocurrency Index ETFs appeared on BitcoinEthereumNews.com.
Key Points: 21Shares proposes new ETFs tracking top ten crypto assets. Cryptocurrency ETFs reflect regulatory shifts. Potential boost to altcoins from ETFs. 21Shares Ltd. recently submitted an application to the U.S. Securities and Exchange Commission to launch two cryptocurrency index exchange-traded funds (ETFs). The attempt aims to broaden U.S. investors’ exposure to diversified crypto assets, potentially increasing market flows into the digital finance sector. 21Shares and Teucrium’s Strategic ETF Filings Explained 21Shares Ltd., in collaboration with Teucrium, has filed for approval of two ETFs: the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. The ETFs intend to track the ten largest cryptocurrencies by market capitalization, with oversight from FTSE Russell. Kristen Mierzwa from FTSE Russell emphasized that their indices provide strategic allocation opportunities. The approval of these ETFs signals a growing movement toward incorporating cryptocurrencies within mainstream investments. Such initiatives are increasingly leveraging the U.S. Investment Company Act of 1940, providing a familiar regulatory environment. This could lead to enhanced liquidity and price adjustments in altcoins and non-Bitcoin crypto assets. Our indices were crafted to provide strategic allocation differentials grounded on a strong digital asset pricing architecture. – Kristen Mierzwa, Head of Digital Assets, FTSE Russell Potential Market Impact and Regulatory Considerations Did you know? The approval of the first spot Bitcoin ETF in the U.S. led to significant institutional investments and improved liquidity for Bitcoin, setting a precedent for multi-asset crypto ETFs like those proposed by 21Shares. According to CoinMarketCap, Bitcoin (BTC) is currently priced at $117,895.77 with a market cap of approximately $2.35 trillion, holding a 60.72% market dominance. Over the past 90 days, Bitcoin’s price has increased by 35.20%. Recent trading volume stands at $46.60 billion, marking a decrease of 38.71%. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 02:13 UTC…
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