Cryptocurrencies

Crypto ETP-Provider 21Shares Marks US Debut With Two Launches

Two new funds will track some of the largest cryptocurrencies
Fund launches come as crypto markets are mired in a downturn

WATCH: 21Shares CEO Hany Rashwan discusses the launch of two new funds to mark its US entrance after years of operation in Europe.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Vildana Hajric

May 18, 2022 at 11:45 AM UTC

This article is for subscribers only.

Crypto exchange-traded products issuer 21Shares, which has made waves in Europe with its offerings since 2018, is marking its US entrance with the launch of two new funds.

The Zug, Switzerland-based company is debuting two index funds, the 21Shares Crypto Basket 10 Index Fund, which tracks the largest coins, and the 21Shares Crypto Mid-Cap Index Fund, which also measures the performance of the biggest tokens, but excludes Bitcoin and Ether. The funds will be rebalanced and reconstituted quarterly.