21Shares hands Bitcoin and Ethereum ETP pricing to FTSE
21Shares AG announced that effective March 26, 2026, it will appoint FTSE International Limited as an additional Index Administrator and change the Crypto Asset Reference Prices for four of its Exchange Traded Products (ETPs). These ETPs will switch from CCIX Bitcoin/Ethereum USD reference prices to FTSE Bitcoin Index (1HR 1700 CET) and FTSE Ethereum Index (1HR 1700 CET), with new Bloomberg codes FBTC1HRE and FETH1HRE, respectively. All other product terms for the affected ETPs, which include 21Shares Bitcoin ETP, 21Shares Ethereum Staking ETP, 21Shares Bitcoin Core ETP, and 21Shares Ethereum Core Staking ETP, will remain unchanged.
How this was made
The 30-second read
Why it matters
This administrative update is unlikely to affect underlying asset prices but may influence ETP valuation and investor perception.
Market read
The change is primarily administrative with limited market impact, affecting ETP valuation references rather than underlying assets.
What to watch
Potential future developments in index provider relationships or regulatory changes could influence ETP performance, though these are not indicated in the current news.
Background
21Shares is updating its index administration for certain ETPs, switching to FTSE indices for Bitcoin and Ethereum reference prices.
Ticker impact
Low relevance due to minimal direct impact on traditional markets and limited trading volume.
Negligible; no significant short-term price movement expected.
The change is administrative and affects product referencing rather than underlying asset fundamentals, thus unlikely to cause notable market volatility.
Market effects
Minimal impact on blockchain or financial markets; primarily administrative change.
Limited; primarily affects European-based index and product administration.
Low; the change is specific to certain ETPs and does not influence global market dynamics.
Counterpoint
Some traders might speculate that administrative changes could signal broader shifts in index management strategies, potentially affecting related ETP valuations.
Key entities
- Company21Shares AG
Issuer of the affected ETPs.
- Index ProviderFTSE International Limited
New index administrator for the affected ETPs.
- Pricing MethodologyCrypto Asset Reference Prices
Reference prices used for ETP valuation.
