21Shares has expanded its range of crypto exchange-traded products (ETP) with the launch of a thematic ETP capturing subsectors of the crypto megatrend.
The 21Shares Future of Crypto Index ETP (FUTR) is listed on Euronext Paris and Euronext Amsterdam with a total expense ratio (TER) of 1.49%.
FUTR tracks the 21Shares Future of Crypto index which offers exposure to sectors and themes that are expected to drive future growth of the crypto market, holding 21 constituents.
Themes include payment platforms, smart contracts platforms, blockchain accelerators, decentralised finance, AI and data solutions and social and gaming.
The index is market cap weighted and will use Flow Traders as the market maker for the product.
FUTR’s top three holdings are Bitcoin (29.7%), Ethereum (20.3%) and Solana (7.5%).
Hany Rashwan (pictured), co-founder and CEO of 21Shares, said: “As 21Shares’ first-ever crypto megatheme ETP, FUTR represents the next evolution of the firm’s European product lineup and a potential opportunity for investors looking for the next step after allocating to Bitcoin (BTC) and Ethereum (ETH).”
21Shares recently launched the first ETP offering exposure to the Lido DAO (decentralised autonomous organisation) that decides the parameters of staking protocols by voting through its LDO token.
Elsewhere, 21Shares called on Europe’s financial watchdog to create a “unified regulatory framework” to include cryptocurrency assets under the UCITS framework.
