21Shares Expands European Offering with Future of Crypto ETP

• 21Shares launches FUTR, its first megatheme crypto ETP in Europe.
• FUTR offers exposure to six major trends in the crypto economy.

21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs), has introduced its 44th crypto ETP, the Future of Crypto Index ETP (FUTR), in Europe. The new product, designed as a “megatheme” ETP, offers investors exposure to six major sectors within the evolving crypto economy, including payments, social, gaming, decentralized finance (DeFi), artificial intelligence (AI), and smart contract blockchains.

Listed on both Euronext Paris and Euronext Amsterdam, the FUTR ETP is fully backed by underlying crypto assets held in secure cold storage to ensure investor protection. It targets retail customers seeking broad exposure to trends driving the future of the digital asset market. This launch represents an expansion of 21Shares’ portfolio. And aligns with the strategy of offering innovative investment opportunities beyond traditional assets like Bitcoin (BTC) and Ethereum (ETH).

Introducing the 21Shares Future of Crypto Index ETP (FUTR). Gain exposure to top crypto assets in Payment Platforms, Smart Contract Platforms, DeFi, AI and Data Solutions, and more. Representing over 80% of the market, FUTR is your gateway to the future of crypto.

Discover… pic.twitter.com/dcB3kV1wjW

— 21Shares (@21Shares) October 10, 2024

“Next Evolution” – Hany

21Shares’ CEO, Hany Rashwan, described the product as a crucial step for investors exploring the next phase of crypto evolution. “FUTR represents the next evolution of the firm’s European product lineup,” he said, emphasizing the ETP’s focus on leading assets from each sector. It is while avoiding high-risk investments such as meme tokens and privacy coins. The ETP focuses on projects with a minimum liquidity threshold of $2 million, ensuring a balanced and secure portfolio.

Moreover, in collaboration with MarketVector Indexes and Flow Traders, 21Shares has created a market-capitalization-weighted index to track the top assets across these six sectors. The index aims to adjust to keep pace with emerging trends, offering flexibility in a rapidly shifting market.

This launch follows 21Shares’ recent call for the European Securities and Markets Authority (ESMA) to update regulations. It makes it easier for crypto assets to be included in UCITS funds, which cater to retail investors across Europe. Despite regulatory challenges, 21Shares strives to strengthen its European presence with this latest offering.

Source