21Shares Enters US Markets with Launch of Cryptocurrency Index Funds

21Shares US Advisers LLC, an affiliated entity of 21Shares AG, the “largest” issuer of cryptocurrency exchange traded products (ETPs), recently marked its entrance into the U.S. market “with the launch of two private funds, providing accredited investors with broad, convenient exposure to both large-cap and mid-cap crypto assets.”

The two index funds launched – 21Shares Crypto Basket 10 Index Fund and 21Shares Crypto Mid-Cap Index Fund – will seek “to track the performance of the ‘Vinter 21Shares Crypto Basket 10 US Index; and ‘Vinter 21Shares Crypto Mid-Cap US Index,’ respectively.”

Composed of several of the world’s largest cryptocurrencies by market capitalization, both funds will be “rebalanced and reconstituted quarterly to reflect the dynamic nature of the crypto space.”

As of May 18, accredited U.S. investors can “invest in the funds.”

Hany Rashwan, CEO and co-founder, 21Shares, remarked:

“21Shares has built a globally-recognized portfolio of crypto products over the past four years. Today, we’re proud to expand access to our reputable and proven brand with our launch into the U.S. market. Our mission globally is to build bridges into the crypto world and the two funds launched today are pivotal building blocks for U.S. investors eager to introduce crypto to their portfolio or are looking for ways to diversify their cryptocurrency holdings.”

The 21Shares Crypto Basket 10 Index Fund “tracks the prices of the top ten cryptocurrencies based on market capitalization available on US exchanges.”

Whereas the 21Shares Crypto Basket 10 Index Fund features a large allocation to the best-known and most established cryptocurrencies – Bitcoin and Ethereum – the 21Shares Mid-Cap Index Fund “offers diversified exposure to the next tier of emerging cryptos, those ranked #3-10 in market capitalization.”

Arthur Krause, VP of Product at 21Shares, added:

“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. 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, or being susceptible to hacking or security breaches.”

The launch of these two products “follows 21Shares’ recent rollouts of the first Bitcoin and Ethereum ETFs in Australia and the world’s first Bitcoin and Gold ETP on the SIX Swiss Exchange.”

As covered, 21Shares claims that it “takes innovation to the next level with the largest suite of cryptocurrency exchange-traded products (ETPs) in the world.”

In 2018 it “pioneered the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and it continues powering its cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy.”

21Shares aims “to provide all investors with an easy, secure, and regulated way to buy, sell, and short cryptocurrency through existing bank and brokerage accounts.”

21Shares is a Swiss company registered in Zug, Switzerland “with offices in Zurich and New York City.”


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