21Shares launches two cryptocurrency index ETFs, adopting the regulatory framework of the US SEC's "Act 1940".

Odaily Planet Daily reports that asset management firm 21Shares has announced the launch of the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). Both products are regulated under the Investment Company Act of 1940, a framework typically used for U.S. mutual funds and traditional ETFs, requiring stricter custody and disclosure requirements. Both ETFs track the FTSE Russell Crypto Index, providing investors with diversified digital asset exposure by holding a portfolio of top-ranked crypto assets. 21Shares, recently acquired by FalconX, will continue to operate independently under its umbrella. (Cointelegraph)