SEC Regulates Crypto Fund ETFs: 21Shares Partnership with Teucrium Seeks Mainstream Adoption

21Shares Files for Two Crypto Fund ETFs With the U.S.SEC: Details

In a landmark move, 21Shares has announced its strategic partnership with Teucrium to file two crypto fund ETFs with the United States Securities and Exchange Commission (SEC). The proposed funds will track market-cap-weighted indices of the top ten largest cryptocurrency assets globally.

The first fund, the 21Shares FTSE Crypto 10 Index ETF, aims to mirror a market-capitalization weighted index of the top ten largest digital assets worldwide. On the other hand, the second fund, the 21Shares FTSE Crypto 10 ex-BTC Index ETF, will track a separate FTSE Russell index that excludes Bitcoin.

The move is seen as a significant step towards providing institutional investors with diversified and easy-to-access ways to participate in the long-term growth of digital assets. The company’s Head of U.S. Business, Federico Brokate, notes that “investors are increasingly looking for 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.”

The filing of these two crypto funds marks a significant milestone towards the mainstream adoption of digital assets by institutional investors. Regulatory clarity will play a crucial role in the tokenization of crypto assets under the jurisdiction of the SEC.

It is worth noting that President Donald Trump has signed into law the GENIUS Act, paving the way for increased regulation and oversight of the cryptocurrency space.

Source: coinpedia.org