Cryptonews
EN

CoinShares Launches U.S. Altcoin ETF

cryptonews.net

3 hour ago

CoinShares Launches U.S. Altcoin ETF

CoinShares International Limited, a global digital asset manager with over $9 billion in assets under management, has launched the CoinShares Altcoins ETF (ticker: DIME). The new fund gives U.S. investors regulated access to a range of altcoins through standard brokerage accounts, expanding crypto investment options beyond Bitcoin and Ethereum. Currently, only spot Bitcoin and Ethereum ETFs are available to U.S. investors, limiting access to most of the crypto market. DIME seeks to close this gap by offering exposure to a broad group of alternative blockchain assets. The fund invests in exchange-traded products (ETPs) listed across the U.S., Canada, the U.K., and the European Union, covering leading Layer 1 networks such as Solana, Avalanche, Cardano, and Polkadot, among others. This structure allows investors to participate in the altcoin market without using crypto exchanges or managing digital wallets. DIME follows the CoinShares-Compass Altcoins Index, which applies equal weighting across assets and rebalances quarterly. This approach aims to reduce concentration risk and manage volatility in a transparent, rules-based manner. The ETF will initially waive its 0.95% management fee for assets up to $1 billion through September 2026. Image: Freepik

https://cryptonews.net/en/news/finance/31760701/?utm_source=CryptoNews&utm_medium=app