BREAKING: 21Shares Doubles Down on Crypto ETFs—Files for SEC Nod on Bitcoin-Free Fund & More
Crypto asset manager 21Shares just fired a two-shot salvo at the SEC—pushing for approval on not one, but two new ETFs. The kicker? One deliberately sidesteps Bitcoin entirely.
Wall Street’s gonna hate this one.
The move signals a bold bet on altcoin adoption—while traditional finance still struggles to stomach crypto’s poster child. Because nothing says 'mature asset class' like regulators playing whack-a-mole with ETF applications.
If approved, these funds could flood fresh capital into crypto markets. But let’s be real—the SEC moves slower than a Bitcoin block during congestion. Place your bets on whether approvals land before the next halving.
Tokenization strategy aligns with growing institutional demand
Federico Brokate, Head of U.S. Business at 21Shares, pointed out that interest in diversified crypto exposure, and particularly regulatory-compliant vehicles, remains strong among investors. The firm’s use of the ’40 Act framework signals a shift toward integrating crypto with traditional financial structures, offering tax and legal familiarity to U.S. investors.
“Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets, and 21Shares aims to provide ETF structures to satisfy this demand, subject to regulatory approval.”
~ Federico Brokate
21Shares is also advancing efforts in crypto tokenization, where legislative advances in the U.S. have led to regulatory clarity. The recently signed GENIUS Act gives more clarity regarding stablecoins and digital asset-backed instruments. This compliance environment makes structured crypto-based ETFs more feasible, according to industry participants.
The collaboration with Teucrium also aligns with the 21Shares strategy on uniting traditional finance with digital assets. Teucrium has experience issuing commodity and futures-based ETFs under compliant structures, which could expedite SEC inspection of the crypto index products.
Bitcoin and Ethereum ETFs draw record institutional inflows
Institutional momentum has been observed in the ETF market. According to SoSoValue, spot Bitcoin ETFs in the U.S. saw $799.4 million in net buyers on July 16. The streak of positive flows over ten days pushed the total cumulative inflows to above $53.8 billion.
BlackRock’s iShares Bitcoin Trust recorded nearly $764 million in new inflows, reaching an asset management rate of $86.7 billion. In the meantime, ETFs on ethereum had a record-breaking demand. On the same day, U.S. spot ETH ETFs saw a new single-day record of net inflows, at $726.7 million. BlackRock ETHA and Grayscale ETHE have shown a daily growth of over 11%.
The increasing popularity of spot crypto ETFs and the increasing regulatory framework, with regulatory bills such as the GENIUS Act, portend a larger shift toward institutional adoption.
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