21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA: TXBC) is an exchange-traded fund listed on the NYSE Arca that seeks to provide investors with diversified exposure to a basket of major cryptocurrencies while excluding Bitcoin. The fund is designed to track the FTSE Crypto 10 ex BTC Index, an index that represents a selection of large-cap digital assets other than Bitcoin. By packaging multiple crypto exposures into a single, exchange-listed vehicle, TXBC aims to simplify access to a segment of the digital asset market for investors trading on a regulated U.S. exchange.
The index underpinning TXBC is constructed to reflect the market capitalization and liquidity characteristics of the included tokens, with periodic rebalancing and eligibility rules established by FTSE’s index methodology. As a result, the ETF’s composition typically includes well-known alternative cryptocurrencies (altcoins) among the largest by market value aside from Bitcoin, offering a means to gain broad altcoin exposure without purchasing each token separately.
TXBC is offered by 21Shares, a Switzerland-based issuer that specializes in exchange-traded products for digital assets. 21Shares operates a suite of crypto ETPs and ETFs across multiple jurisdictions and focuses on product development, regulatory compliance, and infrastructure partnerships to support custody and market access. Listing on NYSE Arca makes TXBC available to U.S. exchange investors alongside other publicly traded investment products, while the issuer’s broader platform serves institutional and retail market participants internationally.
Investors considering TXBC should be aware that exposure to cryptocurrencies carries heightened volatility, regulatory uncertainty, and unique custody considerations compared with traditional asset classes. The fund’s performance will depend on the price movements of the constituent digital assets and the effectiveness of the index tracking methodology. Prospective buyers should review the ETF’s prospectus and disclosures for details on index rules, fees, custody arrangements, and specific risks before investing.
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