21Shares Launches First U.S. Multi-Coin ETFs Including Ethereum Amid Bitcoin Volatility

• Key innovation: These ETFs operate under the Investment Company Act of 1940, offering professional-grade regulation for multi-coin crypto investments.

• Launched in partnership with Teucrium Trading, the funds simplify access via brokerage accounts without managing multiple wallets.

• Fees are competitive at 0.5% for TTOP and 0.65% for TXBC, with exposure gained through European-listed ETPs; Bitcoin recently dipped below $100,000 amid market volatility.

Discover 21Shares Crypto ETFs: The U.S.’s first multi-coin ’40 Act funds tracking Ethereum, Solana, and more. Gain diversified crypto exposure easily—explore regulated investing today! (148 characters)

What are the 21Shares Crypto ETFs launched for U.S. investors?

21Shares Crypto ETFs represent a groundbreaking entry into the U.S. market, offering investors the first multi-coin funds structured under the Investment Company Act of 1940. These ETFs, named FTSE Crypto 10 Index ETF (TTOP.P) and 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC.P), provide diversified exposure to a basket of top cryptocurrencies, including Ethereum, Solana, and Dogecoin, without the need for direct ownership. Launched on November 13, 2025, in partnership with Teucrium Trading, they mark 21Shares’ debut in regulated U.S. multi-asset crypto products.

This is the first multi-coin ’40 Act ETF in the U.S., aside from the earlier ’33 Act crypto index funds.

Swiss-based digital assets manager 21Shares has launched its first exchange-traded funds (ETFs) for U.S. investors that track a mix of cryptocurrencies, including Ethereum, Solana, and Dogecoin.

The company said the ETFs are its first in the U.S. market under the Investment Company Act of 1940, offering a regulated way for investors to access multiple cryptocurrencies at once instead of a single coin. The funds were launched today in partnership with Teucrium Trading, a firm experienced in using the ’40 Act structure for other investment products.

How do 21Shares Crypto ETFs differ from single-coin products?

The new ETFs provide exposure to a diversified index rather than focusing on one asset, addressing the uncertainty in long-term crypto performance. Duncan Moir, president of 21Shares, notes, “There’s a difference in the tax treatment, and for professional investors, ’40 Act funds are really the gold standard.” This structure appeals to financial advisers who seek balanced portfolios, as single-coin ETFs like those for Bitcoin or Ethereum cater more to retail investors chasing specific trends. By using European-listed exchange-traded products (ETPs) for underlying exposure, the funds avoid direct crypto custody complexities while maintaining regulatory compliance.

The new ETFs are the FTSE Crypto 10 Index ETF (TTOP.P) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC.P), with fees of 0.5% and 0.65%, respectively. Instead of buying cryptocurrencies directly, 21Shares will gain exposure through its own exchange-traded products listed in Europe.

Duncan Moir, president of 21Shares, explained the difference between fund types: “There’s a difference in the tax treatment, and for professional investors, ’40 Act funds are really the gold standard.” He added that single-coin ETFs are mostly used by everyday investors, while multi-coin index ETFs are likely to be used first by financial advisers and professionals. This is because no one yet knows which cryptocurrencies will succeed in the long term.

Moir also said the new ETFs enter the market in a volatile price environment. Bitcoin recently dropped below $100,000 for the first time since June. As a result, investors have remained cautious and taken profit from earlier gains. Even so, 21Shares expects the new ETFs to grow steadily as more professional investors explore multi-coin crypto products.

Multi-coin ETFs are still new

Prior to this launch, U.S. multi-coin crypto ETFs were limited to two ’33 Act funds, which are suited for higher-risk assets like digital currencies. Grayscale Investments converted its private fund into an exchange-traded product featuring Bitcoin, Ethereum, Solana, XRP, and Cardano. Similarly, the Hashdex Nasdaq Crypto Index ETF provides a blend of altcoins, and T. Rowe Price filed for a crypto index fund in October 2025. According to data from the SEC filings, these earlier funds have seen inflows exceeding $500 million collectively since their inception, highlighting growing institutional interest despite market fluctuations.

Till now, only two U.S. multi-coin crypto ETFs existed, and both were ’33 Act funds, designed for riskier assets. Grayscale Investments converted its private fund into an exchange-traded product with Bitcoin, Ethereum, Solana, XRP, and Cardano. The Hashdex Nasdaq Crypto Index ETF also offers a mix of altcoins, while T. Rowe Price filed to launch a crypto index fund in October 2025.

The launch placed 21Shares as the first company to use the ’40 Act for a multi-coin crypto fund in the U.S. It gives investors a more regulated, professional option to invest in cryptocurrencies through a single product.

/Also Read: Czech Central Bank Launches $1M Crypto Test Portfolio

Also Read: Czech Central Bank Launches $1M Crypto Test Portfolio

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Frequently Asked Questions

What is the difference between ’40 Act and ’33 Act crypto funds?

’40 Act funds, like the new 21Shares Crypto ETFs, fall under the Investment Company Act of 1940, providing stricter investor protections, diversified holdings limits, and favorable tax treatments for professionals. In contrast, ’33 Act funds under the Securities Act of 1933 are more flexible for single assets but carry higher risks. This makes ’40 Act products the preferred choice for institutional investors seeking regulated multi-coin exposure.

Can I invest in 21Shares multi-coin Crypto ETFs through my brokerage account?

Yes, these ETFs are designed for easy access in standard brokerage accounts, eliminating the need for crypto wallets or exchanges. You can buy shares of TTOP.P or TXBC.P just like traditional stocks, gaining instant diversified exposure to top cryptocurrencies including Ethereum and Solana, with professional management handling the rest.

Key Takeaways

• Regulatory Milestone: 21Shares’ launch introduces the U.S.’s first ’40 Act multi-coin crypto ETFs, setting a new standard for professional-grade digital asset investing.
• Diversification Benefits: Funds like TTOP track a basket of 10 cryptocurrencies, reducing single-asset risk in a volatile market where Bitcoin has fallen below $100,000.
• Investor Action: Consider consulting a financial advisor to incorporate these low-fee ETFs (0.5%-0.65%) into your portfolio for long-term crypto exposure without direct management hassles.

Conclusion

The debut of 21Shares Crypto ETFs under the ’40 Act framework underscores the maturing landscape of regulated cryptocurrency investments in the U.S., offering diversified access to assets like Ethereum, Solana, and Dogecoin. As market volatility persists with Bitcoin’s recent dip below $100,000, these funds provide a stable entry point for professionals and advisers. Looking ahead, expect broader adoption as institutions seek compliant multi-coin options—start exploring these ETFs to position your portfolio for the evolving digital economy.