21Shares has submitted applications to the U.S. SEC for two cryptocurrency index ETFs.

BlockBeats News, July 19th, 21Shares partnered with Teucrium ETFs to submit two cryptocurrency index ETF applications to the U.S. SEC. The applications include the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.

NovaDius President Nate Geraci stated that both ETFs will adopt the Investment Company Act of 1940 ("40 Act Fund") structure, similar to the recently launched Rex-Osprey Solana Staking ETF. Current ETF issuers are no longer waiting for the U.S. Securities and Exchange Commission (SEC) to reach a clear regulatory consensus on the "cryptocurrency ETF framework" but are actively driving product innovation.