**WisdomTree’s Digital Assets Head Predicts Multi-Asset Crypto ETF Growth as 21Shares Expands Market Access**
Will Peck, Head of Digital Assets at WisdomTree, has forecasted the rise of multi-asset cryptocurrency ETFs—a trend that gained momentum when asset manager 21Shares launched two new indexes on November 16. These innovative products are broadening crypto investment opportunities and mark a significant step toward market diversification, potentially reducing risks tied to single-token exposure and enabling broader access to digital asset ecosystems, according to industry leaders.
**21Shares ETF Launch Marks Significant Market Integration**
On November 16, 21Shares introduced two new cryptocurrency index ETFs: the 21Shares FTSE Crypto 10 Index ETF and its ex-Bitcoin counterpart. Both ETFs track the FTSE Russell Crypto Index, providing investors with exposure to the top ten crypto assets ranked by market capitalization.
These ETFs are designed to diversify digital asset holdings, thereby mitigating the inherent risks of concentrating on a single cryptocurrency. This approach aligns closely with Will Peck’s perspective, who stated:
> “We refer to cryptocurrency as an asset class, but it’s actually a technology, and the underlying return drivers of each token are actually quite different. Just because we’re at this stage of the market right now…”
**A Step Towards Integrating Crypto with Traditional Finance**
Market reactions to these launches have been positive, with many viewing the ETFs as an essential move towards integrating cryptocurrencies with traditional financial markets. Will Peck further highlighted their influence, noting the strong potential for new ETF products to drive institutional investment flows, as seen with previous WisdomTree offerings.
**Institutional Interest Grows Amid Multi-Asset ETF Offerings**
Multi-asset ETFs like those introduced by 21Shares are poised to attract substantial institutional interest. For example, WisdomTree’s tokenized money market fund previously experienced robust growth—its assets under management surged from $12 million to $486 million by 2025.
**Bitcoin Market Snapshot**
According to CoinMarketCap:
– **Current Price:** $95,362.56
– **Market Cap:** ~$1.90 trillion
– **Bitcoin Dominance:** 58.72%
– **24-hour Trading Volume:** $49.99 billion
– **Circulating Supply:** 19,948,812 BTC (out of a max supply of 21,000,000)
– **Price Movement:** 0.86% decrease in the last 24 hours, 7.67% drop over the past week
**Conclusion**
The launch of diversified, multi-asset cryptocurrency ETFs by firms like 21Shares reflects an important evolution in digital asset investment. These developments not only signal increased market maturity but also bridge the gap between cryptocurrency and traditional finance, offering investors more robust and diversified investment opportunities.
https://bitcoinethereumnews.com/crypto/21shares-launches-new-crypto-index-etfs-filling-market-gaps/