- 21Shares launches its first-ever crypto megatheme ETP, offering exposure to key sectors in the crypto ecosystem.
- FUTR tracks six major megathemes, excluding meme tokens and low-liquidity assets.
- This launch marks a new chapter in 21Shares’ European product lineup, enhancing access to diverse crypto investments.
21Shares, a leading crypto exchange-traded products (ETP) issuer, has launched the 21Shares Future of Crypto Index ETP (FUTR) on Euronext Paris and Euronext Amsterdam. This marks the company’s 44th crypto ETP and first-ever megatheme ETP, adding to its growing European portfolio.
The ETP provides broad exposure to emerging sectors within the crypto space, offering investors a future-focused option in the rapidly expanding market. According to Hany Rashwan, Co-Founder and CEO of 21Shares, this product represents the next evolution for investors seeking opportunities beyond Bitcoin (BTC) and Ethereum (ETH).
The ETP will be listed under the ticker FUTR, with a 1.49% fee on both exchanges. It offers a unique chance for investors to tap into the promising areas of blockchain technology, positioning 21Shares as a frontrunner in crypto innovation.
Six Megathemes Drive Long-Term Growth
The FUTR ETP offers exposure to six key sectors anticipated to fuel future crypto growth: Payment Platforms, Smart Contract Platforms, Blockchain Accelerators, Decentralized Finance (DeFi), AI and Data Solutions, and Social and Gaming. By tracking a market-capitalization weighted index, FUTR covers over 80% of the market, ensuring broad exposure to the most promising crypto trends.
The ETP employs a dynamic allocation strategy that evolves with market changes, excluding meme and privacy tokens, as well as assets with liquidity below $2M. This ensures a focus on high-quality investments, with the assets securely stored in institutional-grade cold storage.
21Shares Collaboration with MarketVector and Flow Traders
The company worked with MarketVector Indexes, known for their expertise in crypto indices, to develop the FUTR index. The launch also deepens their partnership with Flow Traders, a leading market maker in the digital asset space.
Flow Traders’ Michael Lie expressed excitement about supporting FUTR, emphasizing its potential to drive the convergence of traditional finance (TradFi) and the crypto sector. However, with FUTR, 21Shares aims to offer investors diversified exposure to the most promising sectors within the crypto ecosystem, continuing its role as a key player in expanding access to digital assets.
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