21Shares, a leading provider of cryptocurrency exchange-traded funds (ETFs), has introduced two new crypto index funds aimed at making diversified digital asset investing more accessible to traditional investors. The products—the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC)—officially debuted on Thursday.
According to the company, these are the first crypto index ETFs registered under the Investment Company Act of 1940, a key regulatory framework designed to protect investors and ensure fund transparency.
21SharesBroad Crypto Exposure, Simplified
Both ETFs are designed to provide a straightforward and regulated entry point for investors seeking diversified exposure to the crypto market without having to select individual tokens.
“Many of our clients have asked for a simple, regulated way to access the market as a whole rather than choosing individual tokens,” said Federico Brokate, Global Head of Business Development at 21Shares. “With TTOP and TXBC, we’re offering that familiar, diversified approach to digital assets—giving investors a single point of access to a broad set of leading cryptocurrencies within a structure built to evolve with the market.”
The 21Shares FTSE Crypto 10 Index ETF (TTOP) tracks a market-cap-weighted index of the ten largest cryptocurrencies, including Bitcoin, Ethereum, Solana, and Dogecoin. It carries a management fee of 0.50%.
Meanwhile, the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) focuses on assets excluding Bitcoin, with a higher management fee of 0.65%. This fund targets cryptocurrencies and blockchain networks with real-world utility beyond Bitcoin’s macro hedge role, appealing to investors interested in emerging blockchain use cases.
A Step Forward for Regulated Crypto Investing
Both ETFs were launched in collaboration with Teucrium, a well-known adviser in the exchange-traded fund space.
Crypto firms typically choose to register under either the Investment Company Act of 1940 or the Securities Act of 1933 when launching ETFs. While the 1933 Act covers securities offered to the public, the 1940 Act focuses on investment funds that pool investor capital under a common strategy—providing stronger safeguards against conflicts of interest and fraud.
By opting for the 1940 Act structure, 21Shares signals its intent to blend the innovation of crypto markets with the investor protections of traditional finance.
The Bottom Line
As the cryptocurrency market continues to mature, products like TTOP and TXBC offer a bridge between digital assets and regulated investment frameworks. For investors seeking exposure to a range of cryptocurrencies through familiar ETF structures, 21Shares’ latest offerings represent a notable step in that direction.
