Viewpoint: Cryptocurrency Index ETF will lead the next wave of adoption.

On November 16, Will Peck, Head of Digital Assets at WisdomTree, predicted that ETFs holding diversified Crypto Assets portfolios would fill an important gap in the market in the coming years and become one of the next waves of adoption. A multi-asset Crypto Assets basket allows users to access the entire industry while mitigating the 'specific risk' of investing in a single Token. Will Peck stated, 'We refer to Crypto Assets as an asset class, but it is actually a technology; the underlying return drivers of each Token are actually quite different, although they are overall correlated simply because the market is at this stage right now.' This year, several Crypto Index ETFs have been launched. This Thursday, asset management company 21Shares announced the launch of two Crypto Index ETFs: 21Shares FTSE Crypto 10 Index ETF (code: TTOP) and 21Shares FTSE Crypto 10 ex-BTC Index ETF (code: TXBC). Both provide investment exposure to a broad portfolio of digital assets by tracking the FTSE Russell Crypto Assets Index, holding the top ten Crypto Assets by market capitalization (TXBC excludes Bitcoin), rather than investing in a single Token.