CoinShares Launches ETF Offering Access to Altcoins

Core Insights - The CoinShares Altcoins ETF (DIME) has been launched to provide diversified exposure to ten leading altcoins beyond Bitcoin and Ethereum, accessible through traditional brokerage accounts [1][2][6] Group 1: ETF Overview - DIME aims to fill the gap in the U.S. market where approximately 70% of the crypto market is inaccessible through traditional brokerage accounts, offering a simpler investment vehicle for altcoins [2][6] - The ETF will be available for trading on Nasdaq starting October 7, 2025 [8] Group 2: Investment Strategy - DIME allocates investments equally across multiple ETPs holding different digital assets, focusing on emerging Layer 1 alternatives and spanning three investment themes: high-speed blockchains, interoperability protocols, and growing platforms [3][4] - Initial investments will include ETPs invested in Solana (SOL), Polkadot (DOT), Cardano (ADA), Cosmos (ATOM), Sei (SEI), Avalanche (AVAX), Sui (SUI), Aptos (APT), Near Protocol (NEAR), and Toncoin (TON) [3] Group 3: Risk Management - The ETF aims to track the performance of the CoinShares-Compass Altcoins Index, employing equal weighting and quarterly rebalancing to mitigate concentration risk [5] - CoinShares has waived the 0.95% gross expense for the Fund on assets under management up to $1 billion through September 30, 2026 [6][7] Group 4: Company Background - CoinShares is a leading global asset manager specializing in digital assets, with over $10 billion in assets under management and a presence in multiple countries [1][9]