Swiss ETP Issuer 21Shares Dives Into US Market With 2 Crypto Index Funds
Categories: Crypto News US
Swiss-based investment product firm 21Shares is launching two crypto exchange-traded-products (ETP) in the U.S. as the firm seeks to capitalize on global crypto investor demand.The two products are its first crypto investment products for U.S. customers and will only be available to accredited investors, 21Shares said. The 21Shares Crypto Basket 10 Index Fund will track prices of the top ten cryptocurrencies by market cap that are available on U.S. exchanges. Meanwhile, the 21Shares Mid-Cap Index Fund offers investors exposure to the next tier of emerging cryptos, or those which rank from third to tenth in market cap. "Historically, the cumulative return rate of the top dozen cryptocurrencies has vastly outperformed traditional indexes like the S&P 500, Dow Jones Industrial Average, or Nasdaq Composite, Arthur Krause, 21Shares vice president of product, said in the statement. Our two new index funds enable accredited investors to participate in cryptocurrencies without assuming the responsibility of managing custodial arrangements, tracking private keys and passwords .