Core Viewpoint - 21Shares US LLC has filed a registration statement with the SEC for two new crypto exchange-traded funds (ETFs), marking a significant step in the regulatory engagement for cryptocurrency investment products in the U.S. [1][5] Group 1: Fund Details - The two funds are the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF, designed to provide diversified exposure to the crypto market through dedicated indexes [2][8] - The 21Shares FTSE Crypto 10 Index ETF tracks a market cap-weighted index of the top ten largest crypto assets globally, dynamically adjusting to reflect the size and success of each asset [8] - The 21Shares FTSE Crypto 10 ex-BTC Index ETF tracks a separate index that excludes Bitcoin, focusing on cryptocurrencies and blockchain networks with real-world applications [8] Group 2: Regulatory and Tax Structure - These ETFs are the first crypto basket ETFs registered under the Investment Company Act of 1940, offering a more familiar and tax-efficient vehicle for investors [2][3] - The funds qualify for Form 1099 tax reporting, simplifying tax obligations compared to the K-1 forms associated with other investment structures [3] Group 3: Company Background and Strategy - 21Shares AG, the sponsor of the ETFs, is a leading provider of cryptocurrency exchange-traded products, aiming to bridge traditional finance and decentralized finance [6] - The company has a seven-year track record of creating crypto ETFs and is backed by a specialized research team and proprietary technology [6] - The partnership with ETF Solutions by Teucrium supports the development and market entry of these products, highlighting a commitment to innovation in digital asset investing [4][6]