21Shares has rolled out its 44th crypto ETP product for retail customers in Europe.
21Shares, one of the world’s leading issuers of cryptocurrency exchange-traded products (ETPs), is expanding its business offerings with the launch of its Future of Crypto Index ETP (FUTR) in Europe.
The move comes shortly after 21Shares called on the European Securities and Markets Authority (ESMA) to amend its regulatory standards to accommodate crypto assets within Undertakings for Collective Investment in Transferable Securities (UCITS) funds, which are designed for retail investors and include products like ETPs and ETFs.
21Shares Unveils Its First-ever Megatheme ETP
The firm argued that the current EU regulations governing the inclusion of crypto assets in these funds are inconsistent across different countries, creating confusion and challenges for investors navigating the European market.
Despite these regulatory hurdles, 21Shares has continued to expand its presence in Europe by launching a new ETP. According to a press release issued on Thursday, this latest product will be listed on both Euronext Paris and Euronext Amsterdam, providing wider access to European investors.
The newly launched FUTR ETP offers investors broad exposure across different sectors that are driving the future of the crypto market. 21Shares described the fund as its first-ever “megatheme” ETP, exposing investors to the top six trends predicted to trigger the next phase of crypto evolution.
These trends include payment platforms, smart contract blockchains, blockchain accelerators, decentralized Finance (DeFi), artificial intelligence and data solutions, as well as social and gaming sectors.
As a “megatheme” ETP, FUTR is designed to offer investors exposure to each of the six categories by tracking a market-capitalization weighted index, ensuring that leading assets from each sector receive greater emphasis. However, the ETP excludes high-risk assets, such as meme tokens and privacy coins, focusing instead on projects with a minimum $2M liquidity threshold.
“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),” said the company’s CEO and co-founder Hany Rashwan.
Flexible, Dynamic Investment Strategy
21Shares has designed the FUTR ETP to adapt to the fast-moving crypto market. The product incorporates a dynamic allocation strategy, which means that the index will adjust based on emerging trends, ensuring the portfolio remains aligned with the industry’s future trajectory.
Additionally, the product is fully backed by the underlying crypto assets, stored in cold storage by an institutional-grade custodian. The new product is the company’s 44th crypto ETP and its 10th crypto basket ETP.
21Shares said it partnered with MarketVector Indexes, an expert in crypto indexing, to develop the underlying index for the ETP. The company is also working with Flow Traders for the new product. According to the announcement, Flow Traders will serve as the market maker for the product, facilitating liquidity for investors.
next