21Shares launches two cryptocurrency index funds, providing access to various tokens including Bitcoin and Dogecoin

According to The Block, cryptocurrency ETF provider 21Shares has launched two cryptocurrency index ETFs, providing investors with exposure to Bitcoin, Solana, Ethereum, and Dogecoin.

On Thursday, the company launched the 21Shares FTSE Cryptocurrency 10 Index ETF (TTOP) and the 21Shares FTSE Cryptocurrency 10 Index (excluding Bitcoin) ETF (TXBC), both of which are the first cryptocurrency index ETFs registered under the Investment Company Act of 1940. Among them, TTOP has a management fee of 0.5% and tracks a "market capitalization weighted index" composed of the 10 largest cryptocurrencies; TXBC has a management fee of 0.65% and invests only in cryptocurrencies and blockchain networks that "focus on real-world applications beyond macro hedging of Bitcoin." The statement shows that these two ETFs were launched by 21Shares in collaboration with advisory firm Teucrium.