21Shares submits two crypto index ETF applications to the US SEC

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On July 19, 21Shares collaborated with Teucrium ETFs to submit two crypto index ETF applications to the US SEC. These include the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.

Nate Geraci, president of NovaDius, stated that both ETFs will adopt the Investment Company Act of 1940 (referred to as "40 Act funds") structure, similar to the recently launched Rex-Osprey Solana Staking ETF. Currently, ETF issuers are no longer waiting for the SEC to reach a clear regulatory consensus on the "crypto ETF framework" and are actively promoting product innovation.

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