According to BlockBeats, on July 19, 21Shares partnered with Teucrium ETFs to submit applications for two cryptocurrency index ETFs to the SEC. These include the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.
NovaDius CEO Nate Geraci stated that both ETFs will adopt the structure of the Investment Company Act of 1940 (referred to as '40 Act Funds'), similar to the recently launched Rex-Osprey Solana Staking ETF. Current ETF issuers are no longer waiting for the U.S. Securities and Exchange Commission (SEC) to reach a clear regulatory consensus on the 'cryptocurrency ETF framework,' but are proactively advancing product innovation.
