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Crypto ETP provider, 21shares, on Thursday, announced the launch of the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). The launch, according to 21shares, represents the first crypto index ETF registered under the Investment Company Act of 1940 (“40 Act”). Before 21shares, only two crypto index ETFs linked to multiple currencies were launched, and both were Act 33 funds.
U 21 actions Crypto Index ETFs, TTOP and TXBC, allow investors access to major cryptocurrencies, including Dogecoin, without the need to manage wallets or keys.
TTOP, a FTSE Crypto 10 Index ETF, offers exposure to the top 10 crypto assets by market capitalization, while TXBC, a FTSE Crypto 10 ex-BTC Index ETF provides a diversified basket of crypto assets, excluding Bitcoin.
The debut of the 21Shares ETF marks the most recent push by issuers beyond single-currency spot ETFs and into index products.
Dogecoin is not slowing down
The officer Dogecoin The X account reacted to the point, which highlights the growing relevance of DOGE in the cryptocurrency space. He highlighted a change from when Dogecoin was perceived as just a joke to gaining ground among the top 10 cryptocurrencies by market capitalization: “Dogecoin has also achieved: Remember when Dogecoin was just a joke? When everyone was clamoring to enter the exchanges and be accepted by someone other than your mother? 10 cryptos in the whole world, like Dogecoin. This is us.
“Dogecoin is not slowing down on its way to becoming the currency of the people,” the X account added
In April, 21Shares announced the launch of a fully supported Dogecoin ETP on Switzerland’s SIX Swiss Exchange under the ticker DOGE. The ETP, the first and only one approved by the Dogecoin Foundation, was developed through an initiative with the House of Doge, the official corporate arm of the foundation.
