Financial services firm 21Shares is launching two cryptocurrency exchange-traded products in the US market to benefit from the growing investor demand.
21Shares Crypto Basket 10 Index Fund will track the price of the top ten cryptocurrencies by market capitalization that is listed in the US exchanges.
The 21Shares Mid-Cap Index Fund exposes investors to the next categories of emerging cryptocurrencies that rank from the third to tenth in the market listing.
The index funds are expected to allow accredited investors to participate in the cryptocurrency market without managing the custodial arrangements.
Arthur Krause, 21Shares vice president of products, observed that the cumulative rate of return in the top 12 cryptocurrencies had outperformed the traditional indices.
The investment company recently unveiled new vehicles centered on the SAND tokens to give investors exposure to the Sandbox’s metaverse and the gaming platforms.