Dogecoin Team Reacts as 21Shares Launches First US 40‑Act Crypto Index ETFs
Swiss issuer 21Shares on Thursday introduced the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex‑BTC Index ETF (TXBC), marking what the firm calls the first crypto index ETFs registered under the US Investment Company Act of 1940. The listings aim to package major tokens into regulated index products, a step that could lower onboarding friction for institutional investors and conventional fund managers.
The Dogecoin team responded positively, calling the launches a sign of growing mainstream recognition for diversified crypto products while reminding users that product listings are not endorsements of any project. Market watchers say the ETFs could boost liquidity and investor access for DOGE and other altcoins but warned that regulatory clarity and investor due diligence remain crucial. The development may prompt more firms to pursue similar 40‑Act strategies if demand for compliant crypto index exposure continues.