21Shares Overhauls Crypto Reference Pricing for Key Bitcoin & Ethereum ETPs on London Stock Exchange

21Shares AG has issued a critical update for investors in its flagship crypto ETPs, warning of potential pricing volatility as it switches crypto asset reference prices and appoints FTSE International as an additional index administrator effective March 26, 2026. The move, targeting four major Bitcoin and Ethereum-linked products on the LSE, signals a strategic shift in how these exchange-traded products are benchmarked, with the Switzerland-based issuer aiming to enhance robustness and market alignment for its 21Shares Bitcoin ETP (ABTC/BTCU), 21Shares Ethereum Staking ETP (AETH/ETHU), 21Shares Bitcoin Core ETP (CBTC/CBTU), and 21Shares Ethereum Core Staking ETP (ETHC/CETU).

How 21Shares and FTSE are Repricing Crypto ETPs

Henceforth, from March 26 onwards, they will transition to the FTSE Bitcoin Index (1HR 1700 CET) for Bitcoin products and the FTSE Ethereum Index (1HR 1700 CET) for Ethereum products. Accordingly, the corresponding new Bloomberg index codes will be FBTC1HRE and FETH1HRE, respectively.

I don't know who needs to hear this today but….

the macro trend is officially healing.

Global flows across crypto ETP/Fs flipped positive for the first time last month since Oct 2025. pic.twitter.com/AkQlWhdNnt

The FTSE Global Digital Asset Index Series, administered by FTSE Russell (part of London Stock Exchange Group), provides institutional-grade benchmarks for digital assets.

These single-asset indices use a methodology involving the FTSE DAR Reference Prices, with the “1HR 1700 CET” variant applying a one-hour lookback to determine fixes at 17:00 Central European Time.

In essence, this aims to deliver reliable, screened pricing for crypto exposures, drawing from vetted exchanges and data sources.

The new changes subsequently enhance the robustness and standardization of pricing for these ETPs, aligning them with FTSE Russell’s established framework amid growing institutional interest in digital assets.

All other product details, including fees, structure, and regulatory listings with the UK’s Financial Conduct Authority, remain unchanged.

2/ @DuncanMoir, President of @21shares, and @austinReid21, Global Head of Revenue and Business at @FalconXGlobal, announced they are bringing $STRC to Europe through the launch of the "Strategy Yield ETP" on Euronext Amsterdam. This is the first exchange-traded product to be 1:1… pic.twitter.com/3rE8EqCXej

21Shares AG, headquartered at Pelikanstrasse 37, 8001 Zurich, Switzerland, emphasized that full details are available in its UK Base Prospectus dated January 8, 2026, accessible on its website. The announcement is not an offer to sell securities, particularly in the United States, where the products are not registered.

All things considered, this move reflects broader trends in the crypto ETP space toward diversified, high-quality index providers to improve transparency and investor confidence in volatile digital asset markets.

As Wall Street deepens its involvement in crypto products and billionaire investors increasingly eye crypto infrastructure, the methodology for weighting and pricing these basket components consequently becomes critical for maintaining accurate exposure to the broader market performance.