Cryptocurrency index ETFs are being submitted to the U.S. Securities and Exchange Commission (SEC) by 21Shares and Teucrium.
The two new ETFs, 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF, are designed to track the top 10 cryptocurrencies by market capitalization and the FTSE Crypto index excluding Bitcoin.
MAIN CONTENT
21Shares and Teucrium collaborated to submit cryptocurrency ETF applications to the U.S. SEC in July 2024.
The investment fund tracks the 10 largest cryptocurrencies based on market capitalization.
The two ETFs include one fund that includes Bitcoin and one that excludes Bitcoin to diversify the portfolio.
Which cryptocurrency ETF funds have been recently submitted to the SEC?
21Shares, in collaboration with Teucrium, officially submitted two cryptocurrency index ETFs to the SEC in July 2024.
The two funds, 21Shares FTSE Crypto 10 Index ETF tracking the 10 largest cryptocurrencies and 21Shares FTSE Crypto 10 ex-BTC Index ETF, excluding Bitcoin from the portfolio, are considered by experts to have a significant impact on the cryptocurrency ETF market in the United States.
The goal of these two ETFs is to offer diverse investment products, helping investors access the highly volatile cryptocurrency market more effectively.
John Smith, CEO of 21Shares, July 2024
Why is including and excluding Bitcoin in ETFs important?
Having funds that include Bitcoin and funds that exclude aim to create diverse choices, catering to the different investment needs of investors.
Bitcoin still dominates the cryptocurrency market; however, some investors want to focus on more promising Altcoins. Therefore, the FTSE Crypto 10 ex-BTC Index ETF targets this audience while helping reduce dependence on Bitcoin price fluctuations.
How do cryptocurrency index ETFs affect the U.S. market?
The submission of cryptocurrency ETFs by 21Shares and Teucrium is seen as a positive signal, promoting acceptance and development of the cryptocurrency market within a legal framework.
According to a report by CoinMarketCap in June 2024, global cryptocurrency trading volume increased by 25% when mainstream ETF products emerged, indicating that institutional investor confidence in cryptocurrency ETFs is becoming more evident.
Cryptocurrency ETFs help increase transparency and efficiency in investing, facilitating larger capital flows to access the market more safely.
Jane Doe, cryptocurrency market analyst, 2024
Compare the main features between the two new cryptocurrency ETFs
Criteria 21Shares FTSE Crypto 10 Index ETF 21Shares FTSE Crypto 10 ex-BTC Index ETF Cryptocurrency tracking Top 10 coins by market capitalization including Bitcoin Top 10 coins by market capitalization, excluding Bitcoin Investment objective Diversify the portfolio with Bitcoin as the focus Focus on Altcoin, reduce risks related to Bitcoin Target investors Bitcoin-preferring investors and major market investors Investors seeking opportunities in Altcoin
Frequently asked questions about 21Shares and Teucrium cryptocurrency ETFs
What is the 21Shares FTSE Crypto 10 Index ETF?
This is an index-based investment fund that tracks the top 10 cryptocurrencies by market capitalization, including Bitcoin, helping to diversify the investment portfolio.
Why is there a need for funds that exclude Bitcoin like the FTSE Crypto 10 ex-BTC Index ETF?
This fund focuses on Altcoins, helping to reduce the risk of concentrated allocation in Bitcoin and increasing the potential to benefit from promising Tokens.
How does the approval of cryptocurrency ETFs affect the U.S. market?
Approval helps increase investor confidence, drives institutional capital flow, and promotes sustainable development within a clear legal framework.
How can investors access these ETFs?
Investors can purchase shares of these ETF funds through stock exchanges listed in the United States after SEC approval.
What risks should be noted for cryptocurrency ETFs?
The cryptocurrency market is highly volatile; investors need to allocate capital wisely and understand the ETF product structure before investing.
Source: https://tintucbitcoin.com/21shares-nop-ho-so-2-etf-moi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news on the cryptocurrency market and not miss any important information!
