#21SharesETF

"21Shares Launches U.S. Crypto Index ETFs"

Swiss-based asset manager 21Shares has introduced its first U.S.-listed ETFs tracking a basket of cryptocurrencies, including Ethereum, Solana, and Dogecoin.

Reuters

Unlike many crypto ETFs that focus on a single coin, these are multi-coin index ETFs.

Importantly, they’re structured under the Investment Company Act of 1940, which is more aligned with traditional institutional funds, rather than riskier setups.

Reuters

This could draw more professional and advisory-based investments into crypto, not just retail speculators.

Implication: These ETFs may help mature the market by offering diversified exposure, potentially reducing volatility and attracting more regulated capital.