21Shares Advances Crypto ETF Innovation with FTSE Crypto 10 Index ETF Filing Featuring Bitcoin Exclusion

On July 19, 21Shares partnered with Teucrium ETFs to file two new crypto index ETF proposals with the US Securities and Exchange Commission (SEC). The filings include the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF, both designed to track diversified baskets of digital assets. According to Nate Geraci, president of NovaDius, these ETFs will be structured under the Investment Company Act of 1940, aligning with the regulatory framework used by the recently approved Rex-Osprey Solana Staking ETF. This move signals a shift in the industry as ETF providers are increasingly advancing product development despite the absence of definitive SEC guidelines on crypto ETFs. The filings underscore a growing trend toward regulatory-compliant innovation within the digital asset investment space.

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Source: https://en.coinotag.com/breakingnews/21shares-advances-crypto-etf-innovation-with-ftse-crypto-10-index-etf-filing-featuring-bitcoin-exclusion/