CoinShares International Limited (NASDAQ Stockholm: CS, OTCQX: CNSRF) has unveiled a new exchange-traded fund designed to bring broad exposure to altcoins to investors in the United States through familiar brokerage channels. The CoinShares Altcoins ETF (NASDAQ: DIME), available starting today, breaks new ground by offering diversified access to ten prominent altcoins beyond Bitcoin and Ethereum without the usual complexities of direct cryptocurrency ownership.
Until now, U.S. investors have had limited options for investing in cryptocurrencies via traditional brokerage accounts, with offerings mostly tied to Bitcoin and Ethereum spot ETFs. This limitation excludes about 70% of the overall crypto market, particularly the altcoin sector, which is home to some of blockchain’s most exciting technological advancements. Direct investment in these altcoins typically requires navigating complex crypto exchange platforms and wallet management, which can be daunting for many.
The DIME ETF addresses this by investing equally across multiple exchange-traded products that represent a diverse basket of altcoins. It focuses on a selection of Layer 1 blockchains, which form the foundation of various blockchain ecosystems. These include Solana (SOL), Polkadot (DOT), Cardano (ADA), Cosmos (ATOM), Sei (SEI), Avalanche (AVAX), Sui (SUI), Aptos (APT), Near Protocol (NEAR), and Toncoin (TON). By spreading investments evenly across these assets, the fund mitigates the risk of overexposure to any single cryptocurrency.
This balanced approach is underpinned by the CoinShares-Compass Altcoins Index, which the ETF aims to track. The index equally weights its components and rebalances quarterly to scale back investments in overperforming assets while boosting underperforming ones. This methodical rebalancing serves as a risk management tool that accounts for the inherent volatility of the crypto market.
Jean-Marie Mognetti, CEO of CoinShares, highlighted the significance of this launch, saying that altcoins represent some of the most innovative developments in blockchain technology. However, he noted that accessing these opportunities through traditional U.S. investment channels had been nearly impossible until now. DIME changes the game by enabling investors to add altcoin exposure to their portfolios without managing crypto wallets or trading on unfamiliar platforms.
In addition to diversified exposure, the ETF offers investors a familiar and regulated investment vehicle. It integrates with standard brokerage accounts, making it accessible without the need for specialized crypto knowledge. Further enhancing its appeal, CoinShares is waiving the management fee of 0.95% on assets under management up to $1 billion until September 30th next year, unless otherwise decided by the fund’s trustees, effectively lowering the cost barrier for early investors.
The ETF includes assets listed on public equity exchanges across the United States, Canada, the United Kingdom, and the European Union, ensuring a well-rounded geographic spread in its underlying holdings. This global dimension reflects CoinShares’ extensive experience managing digital assets with over $9 billion in assets under management.
As digital asset investments continue to attract substantial inflows worldwide, this new ETF arrives at a time when global crypto ETFs recently saw record inflows surpassing $5.9 billion in a single week. This trend signals growing institutional and retail interest in crypto beyond just Bitcoin and Ethereum, highlighting the demand for diversified options that capture altcoin potential.Â
