CoinShares announces the launch of CoinShares Altcoins ETF
Jinse Finance reported that a certain exchange has announced the launch of the CoinShares Altcoins ETF (stock code: DIME), an innovative US ETF designed to capture altcoin opportunities through investors' existing brokerage accounts. DIME will invest equally in multiple ETPs holding different digital assets to reduce the risk of relying on a single cryptocurrency. DIME offers optionality for emerging Layer 1 alternatives, covering three investment themes: high-speed blockchains, interoperability protocols, and growth platforms. DIME provides equal-weighted exposure to a basket of altcoins by investing in exchange-traded products listed on public stock markets in the US, Canada, the UK, and the EU. The initial investments of DIME will focus on ETPs investing in Solana (SOL), Polkadot (DOT), Cardano (ADA), Cosmos (ATOM), Sei (SEI), Avalanche (AVAX), Sui (SUI), Aptos (APT), Near Protocol (NEAR), and Toncoin (TON).
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