21Shares, a pioneer in cryptocurrency exchange-traded products (ETPs), has expanded its European offerings with the launch of the Future of Crypto Index ETP (FUTR). This move aligns with their ongoing advocacy for regulatory changes in Europe to accommodate crypto assets within UCITS funds.
The FUTR ETP provides investors with exposure to six key trends shaping the future of the crypto market: payment platforms, smart contract blockchains, blockchain accelerators, DeFi, AI and data solutions, and social and gaming sectors. The ETP tracks a market-capitalization weighted index, ensuring that leading assets from each sector receive greater emphasis. It excludes high-risk assets and focuses on projects with a minimum $2M liquidity threshold.
Designed to adapt to the dynamic crypto market, the FUTR ETP incorporates a dynamic allocation strategy and is fully backed by the underlying crypto assets. 21Shares partnered with MarketVector Indexes to develop the underlying index and collaborated with Flow Traders for market making.
This new product marks 21Shares' 44th crypto ETP and its 10th crypto basket ETP. It offers investors a diversified way to participate in the growth of the crypto industry.
October 2024, Cryptoniteuae