21Shares enters the US market

Crypto ETP issuer 21Shares US Advisers LLC, a subsidiary of 21Shares AG, has launched into the US market with two private crypto index funds, designed to give accredited investors broad exposure to large and mid-sized cryptocurrencies.

My index box was launched yesterday 21Shares Crypto Basket 10 Index Fund and 21Crypto Capital Index Fund Stock We will try to track the result “Vinter 21Shares Crypto Basket 10 Index for the United States” And “Vinter 21Shares Crypto Mid-Cap Index in the US” special to.

Both funds, which consist of many of the world’s largest funds Cryptocurrency With market capitalization, it will be rebalanced and rebuilt every quarter to reflect the dynamic nature of the crypto space. As of today, accredited US investors can invest in the funds.

21Shares has built a globally recognized portfolio of cryptocurrencies over the past four years. Today, we are proud to expand the reach of our reputable and proven brand with our launch in the US market.”Says Hani Rashwan, CEO and Co-Founder of 21Shares. “Our mission globally is to build bridges in the cryptocurrency world and the two funds launched today are important building blocks for US investors who are eager to introduce crypto into their portfolio or are looking for ways to diversify their crypto holdings.”

The 21Shares Crypto Basket 10 Index Fund tracks the prices of the top 10 cryptocurrencies based on market capitalization available on US exchanges. While the 21Shares Crypto Basket 10 Index Fund has a large allocation of the most popular and well-established cryptocurrencies – Bitcoin And Ethereum The 21Shares Mid-Cap Index Fund offers diversified exposure to the next level of emerging cryptocurrencies, those that are ranked third to tenth in market capitalization.

“Historically speaking, the cumulative returns of the largest tens of cryptocurrencies are significantly outperform traditional indices such as the S&P 500, the Dow Jones Industrial Average, or the Nasdaq Composite”, says Arthur Krause, Product Manager at 21Shares. “The two new index funds enable accredited investors to participate in cryptocurrencies without the responsibility of managing custody arrangements, tracking private keys and passwords, or being exposed to hacking or security breaches.”

The launch of these two products follows 21Shares’ latest launch of ETFs, Bitcoin and Ethereum in Australia And Bitcoin and Gold ETP At SIX Swiss Exchange.

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