21Shares Launches TTOP and TXBC Index ETFs for Diversified Crypto Exposure

Sat Nov 15 2025
21Shares debuts two new index ETFs, TTOP and TXBC, tracking the FTSE Crypto 10 Index to provide regulated, diversified crypto exposure with and without Bitcoin. The products simplify digital asset investing through familiar ETF structures

📊 21Shares Launches TTOP and TXBC — Index ETFs That Bring Crypto to Regulated Markets

New FTSE-based ETFs offer diversified, wallet-free exposure to leading digital assets — with and without Bitcoin.

21Shares is accelerating regulated access to crypto with two new index ETFs — TTOP and TXBC — designed to give investors broad, diversified exposure to top digital assets without the headache of managing wallets or private keys. The launch reflects growing demand for simple, compliant ways to participate in crypto market growth through familiar ETF structures.

Both products sit at the crossroads of traditional finance and digital assets, using a rules-based index approach to track the evolving crypto landscape while staying inside a regulated wrapper.

🔎 Quick Facts

  • 📈 Issuer: 21Shares
  • 🪙 New products: TTOP and TXBC index ETFs
  • 📊 Index: both track the FTSE Crypto 10 Index
  • ₿ TTOP: includes Bitcoin, Ethereum, Solana, Dogecoin and other top assets
  • 🚫 TXBC: same index excluding Bitcoin
  • 🧮 Structure: rules-based, regulated, quarterly rebalanced
  • 🤝 Partners: FTSE Russell (index), Teucrium (ETF advisor), FalconX (liquidity & infra)

📦 What 21Shares Just Launched

The two ETFs are built to capture the core of the crypto market through a regulated, index-based lens:

  • TTOP — tracks the FTSE Crypto 10 Index, offering a portfolio of leading digital assets, including Bitcoin, Ethereum, Solana, and Dogecoin.
  • TXBC — tracks the same FTSE Crypto 10 Index, but excludes Bitcoin, aimed at investors who want diversified exposure to the broader crypto market without BTC.

Both ETFs target investors who want multi-asset crypto exposure but prefer to stay within a regulated, exchange-traded format instead of holding tokens directly.

⚙️ How TTOP and TXBC Work

The new funds use a rules-based, index-driven framework that mirrors familiar equity index products:

  • 📜 They follow the FTSE Crypto 10 Index, capturing top-performing digital assets by market capitalization.
  • ♻️ Portfolios are rebalanced quarterly to reflect market cap shifts and evolving market structure.
  • 🧩 Investors get exposure through ETF shares — no need to manage wallets or private keys.

This structure combines regulatory compliance with systematic market participation, matching the growing appetite from both institutional and retail investors for predictable and transparent crypto access.

📈 Why Index-Based Crypto Exposure Matters

Index strategies are already proven in traditional markets — from the S&P 500 to the Nasdaq-100. 21Shares is now applying that same logic to digital assets.

Federico Brocate, Head of Global Business Development at 21Shares, explains:

“Index products have proven effective in providing diversified exposure in traditional markets, from the S&P 500 to the Nasdaq-100. The same principle applies to cryptocurrency investing. Many clients requested a simple, regulated way to access the broader market rather than selecting individual tokens. With TTOP and TXBC, we offer a familiar, diversified approach to digital assets that adapts as the market evolves.”

In other words: instead of guessing which token wins, investors can plug into a rules-based basket that updates as the crypto market shifts.

📏 FTSE Russell, Teucrium, and FalconX: The Infrastructure Behind the ETFs

The products are built on top of FTSE Russell’s index expertise and Teucrium’s ETF infrastructure:

  • FTSE Russell provides the FTSE Crypto 10 Index, the rules-based benchmark powering both ETFs.

Fiona Bassett, CEO of FTSE Russell, commented:

“At FTSE Russell, we aim to provide reliable, rules-based indices that help investors navigate emerging asset classes with confidence.”
  • Teucrium, an ETF advisor focused on alternative markets, supports white-label advisory, product development, and distribution.

These launches also complement 21Shares’ recent collaboration with FalconX, which extends capabilities in:

  • 📈 brokerage and liquidity
  • 💼 investment management
  • 💸 lending
  • 📐 structured products

Together, these partnerships reinforce 21Shares’ push toward global expansion and institutional-grade crypto solutions.

🎯 What Investors Get From TTOP and TXBC

These rule-based ETFs provide investors with:

  • 🛡️ Regulated, diversified crypto exposure without managing wallets or keys
  • ♻️ Quarterly rebalancing that aligns holdings with changes in market capitalization
  • 📊 Simplified portfolio integration, acting as a clean entry point for crypto diversification
  • ⚖️ Potential risk management benefits, since systematic index exposure reduces the need for active token picking

By packaging digital assets into a familiar ETF format, 21Shares lowers operational complexity and security risks that come with direct token custody.

🧭 The Bigger Picture: Crypto ETFs as a New Market Standard

The launch of TTOP and TXBC lands at a time when regulated access to crypto is rapidly scaling. As more investors look for multi-asset exposure, index-based strategies are gaining momentum in the U.S. and globally.

21Shares’ new ETFs are likely to:

  • 🏦 accelerate institutional participation in crypto
  • 📐 set a benchmark for structured crypto products
  • 🌐 support broader adoption with reduced operational friction

As the digital asset ecosystem evolves, index-based ETFs like TTOP and TXBC offer a scalable, adaptable, and compliant pathway for investors aiming to capture long-term growth — without needing to live inside a crypto wallet.

✅ TL;DR

  • 21Shares launches two new index ETFs: TTOP (with Bitcoin) and TXBC (without Bitcoin).
  • Both track the FTSE Crypto 10 Index, giving diversified exposure to leading digital assets.
  • ETFs are regulated, rules-based, and rebalanced quarterly, no wallets or keys needed.
  • Partnerships with FTSE Russell, Teucrium, and FalconX strengthen infrastructure and distribution.
  • TTOP and TXBC aim to bridge traditional ETF familiarity with crypto market growth, especially for institutions.

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