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Swiss crypto investment firm 21Shares has announced a key update to the reference pricing methodology for four of its major exchange-traded products (ETPs), effective March 26, 2026. The change appoints FTSE International Limited as an additional index administrator and transitions from CCIX Bitcoin/Ethereum USD references to FTSE’s regulated indices: the FTSE Bitcoin Index (1HR 1700 CET) for Bitcoin-linked products and the FTSE Ethereum Index (1HR 1700 CET) for Ethereum-linked ones.
The affected ETPs are the 21Shares Bitcoin ETP, Ethereum Staking ETP, Bitcoin Core ETP, and Ethereum Core Staking ETP (with some reports noting broader impacts on basket or inverse products).
This adjustment addresses common crypto market challenges, such as 24/7 trading across fragmented exchanges, which often causes price variations and potential manipulation risks. The new FTSE benchmarks employ a one-hour lookback window to filter unreliable data, delivering more consistent, transparent, and accurate valuations for calculating Net Asset Value (NAV).
**Why it matters**:
– **Greater accuracy** — Closer alignment with real-time spot markets reduces discrepancies and tracking errors.
– **Enhanced transparency** — Regulated indices build investor understanding of pricing mechanics.
– **Boosted confidence** — Institutional-grade standards make these ETPs more attractive to mainstream and professional investors.
For holders, this could translate to smoother performance tracking, lower mispricing risks, and better integration with global trends. The move underscores crypto’s maturation, as providers adopt standardized, resilient practices to support broader adoption.
Overall, this is a positive, procedural step toward more reliable crypto investment vehicles in an evolving ecosystem. Investors in Bitcoin and Ethereum ETPs stand to benefit from improved precision without fundamental changes to exposure.
