21Shares has filed for a two crypto index funds with the SEC under 1940 Act to accelerate the approval and hit the market faster.
21Shares has filed for two crypto index ETFs under the faster 1940 Act route. A market expert stated that the move would help the issuer to avoid the agency’s delay.One of the funds, 21Shares FTSE Crypto 10 Index ETF, will track the top 10 assets, while another will cover the top 10 programmable blockchains that focus on real-world applications beyondInterestingly, the index ETFs will be structured under the Investment Company Act of 1940 Act.
The rest of the potential issuers of SOL ETFs under the 1933 Act, including Grayscale, Bitwise, Canary, and 21Shares, have not been approved yet.“ETF issuers not waiting around for SEC to figure things out re: “crypto ETF framework”.” “Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets.”
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