21Shares launches TTOP and TXBC, the primary U.S. ’40 Act merchandise monitoring broad digital property through a crypto index etf.
What do these crypto index etf launches change?
On Nov. 13, 2025, 21Shares launched the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). These are the primary index funds registered underneath the Funding Firm Act of 1940 (Funding Firm Act of 1940), bringing crypto underneath the identical framework as typical ETFs.
Furthermore, the funds intention to supply one-ticker publicity to the highest 10 property with out managing wallets or keys. They spotlight Bitcoin as a retailer of worth, Ethereum and Solana for good contracts and DeFi, and Dogecoin as a group asset. Each portfolios rebalance quarterly to maintain tempo with market management.
“Index merchandise have confirmed to be a superb approach for buyers to achieve diversified publicity in conventional markets, from the S&P 500 to the Nasdaq-100,” mentioned Federico Brokate, International Head of Enterprise Growth at 21shares.
“The identical precept applies to crypto investing. A lot of our purchasers have requested for a easy, regulated solution to entry the market as a complete fairly than selecting particular person tokens.
With TTOP and TXBC, we’re bringing that acquainted, diversified strategy to digital property, giving buyers a single level of entry to a broad set of main cryptocurrencies inside a construction designed to regulate because the market evolves.”
How do TTOP and TXBC work?
The 21Shares FTSE Crypto 10 Index ETF (TTOP) has a administration charge of 0.50% and tracks the FTSE Crypto 10 Choose Index, a market cap-weighted basket of the world’s largest ten crypto property. Nevertheless, weights shift at every quarterly rebalance to mirror altering market caps.
Furthermore, the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) costs 0.65% and follows the FTSE Crypto 10 ex Bitcoin Choose Index, specializing in networks and tokens with real-world use instances past Bitcoin’s macro hedge position. For methodology specifics, see FTSE Russell’s floor guidelines.
Completely different buyers section Bitcoin in a different way. That mentioned, “TXBC is designed for the latter group – an easy solution to seize the potential development of different main blockchain networks and functions in a single ticker, with out the necessity to handle particular person holdings,” added Federico Brokate.
What benchmarks and companions are concerned?
“At FTSE Russell, we’re dedicated to delivering strong, rules-based indices that assist buyers navigate rising asset lessons with confidence,” says Fiona Bassett, CEO at FTSE Russell, an LSEG enterprise.
“We’re delighted to work with 21shares on these first-of-their-kind crypto index ETFs which mirror our dedication to supporting innovation within the digital property market via trusted benchmarks and clear methodologies.”
In the meantime, the merchandise had been launched with Teucrium, an ETF adviser specializing in various markets, performing as adviser and white-label platform. This helps product improvement and distribution. The pair is out there underneath the TTOP ETF ticker and TXBC ETF ticker, increasing 21Shares’ regulated crypto ETF lineup.
Why the timing issues for the U.S. market
The rollout reinforces 21Shares’ U.S. ambitions whereas extending a world file of product innovation, operations and danger administration. As famous within the official information launch, these are the primary U.S. index funds to undertake the ’40 Act construction on this section.
Not too long ago, 21Shares joined forces with BlackRock IBIT to create a full-service digital property supplier throughout brokerage, liquidity, funding administration, lending and structured merchandise. Furthermore, leveraging FalconX’s prime brokerage footprint will bolster entry throughout Latin America, North America and Europe.
About 21Shares and Teucrium
21Shares is a number one crypto ETP issuer based to bridge conventional and decentralized finance. It listed the world’s first bodily backed crypto ETP in 2018, constructing a seven-year monitor file with listings on main, liquid exchanges. Backed by analysis, proprietary know-how and capital markets experience, it delivers easy, cost-efficient options.
21Shares is a subsidiary of FalconX, one of many world’s largest digital asset prime brokers, working independently whereas leveraging group assets. Teucrium provides ETFs throughout various markets, together with commodities and digital property, and offers white-label providers via ETF Options for brand new fund launches and ongoing administration oversight.
In brief, the 21Shares FTSE Crypto 10 duo offers U.S. buyers adaptive publicity underneath the ’40 Act—packaged in a crypto index etf with clear charges, quarterly rebalancing and established benchmarks.