New ETP combines dynamic crypto indexing with an actively managed, rules-based allocation model developed by A&G Banco
Zurich, 14 January 2026 — 21shares, one of the world’s leading issuers of cryptocurrency exchange-traded products (ETPs), today announced, together with A&G Banco, the launch of the 21shares Flexible Crypto Index ETP (FLEX), a next-generation crypto basket designed to offer diversified, risk-adjusted exposure to leading digital assets through a single ETP.
Product Details
- Product Name: 21shares Flexible Crypto Index ETP
- Tickers: FLEX GY (EUR), FLEY GY (USD)
- ISIN: CH1468906669
- Exchange: Xetra
- Currencies: EUR, USD
- Inception Date: 13 January 2026
- Issuer: 21Shares AG
- Fee: 1.49% p.a.
Indexing has long reshaped investing by offering transparent, cost-efficient access to diversified assets. In crypto, FLEX applies these same principles, providing investors with structured exposure to the most liquid and established cryptocurrencies, while reducing concentration risk and dynamically adapting to changing market conditions.
FLEX tracks the 21Shares Flexible Crypto Index, developed in partnership with MarketVector Indexes™, a leading global provider of digital asset indices. The index draws from a broad universe of institutionally eligible cryptoassets selected based on size, liquidity, and regulatory criteria. Portfolio allocation is determined by A&G Banco’s proprietary model, which applies a minimum-variance framework combined with positive momentum signals. By maintaining low cross-asset allocation, this systematic approach seeks to optimise the risk-return profile of the broader crypto ecosystem.
A defining feature of FLEX is its built-in risk management framework. The strategy includes the ability to allocate up to 30% of the portfolio to cash via USDC. This tactical cash allocation allows the strategy to naturally increase defensive positioning during periods of elevated volatility or market stress, while remaining agile enough to capture growth when volatility subsides
The launch of FLEX brings together 21shares’ global leadership in crypto ETP infrastructure and A&G Banco’s quantitative investment expertise, delivering a product specifically designed to fit within regulated advisory frameworks in private banking and wealth management across Europe.
“Investors are increasingly looking for crypto exposure that is diversified, systematic, and aligned with institutional risk standards,” said Mandy Chiu, Global Head of Product Development at 21shares. “FLEX combines smart indexing with embedded risk management in a single ETP structure, helping investors approach crypto with greater structure and confidence”.
“The core of FLEX is its allocation model,” said Román González Torres, Product Specialist, Quant & Crypto at A&G Banco. “By combining minimum-variance portfolio construction, momentum signals, and a dynamic cash component, we have built a transparent, rules-based approach that mirrors how professional investors manage risk in volatile markets.”
FLEX is fully physically backed and supported by 21shares’ institutional-grade custody infrastructure. The product represents a significant step in the professionalization of crypto investing in Europe, offering wealth managers and investors a sophisticated yet accessible tool for navigating digital asset markets.
For more information on 21shares’ full product suite, visit www.21shares.com.
Notes to editors
About 21shares
21shares AG is one of the world’s leading cryptocurrency exchange traded product (ETP) providers and offers one of the largest suites of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto ETPs that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets expertise, 21shares delivers innovative and cost-efficient investment solutions.
21shares is a subsidiary of FalconX, one of the world’s largest digital asset prime brokers. 21shares maintains independent operations from FalconX while strategically leveraging the resources and reach of FalconX to accelerate its mission and unlock new growth. For more information, please visit www.21shares.com.
Contact: audrey.belloff@21shares.com
About A&G Banco
Founded in 1987, A&G is a leading independent financial services group with offices in Spain and Luxembourg, with a solid track record in wealth advisory and asset management. The firm manages more than 17 billion euros at the end of December 2025.
In 2023, A&G pioneered the launch of the first European cryptocurrency fund and the first to be registered in Spain, A&G Criptomonedas FIL, for professional investors, with a cumulative performance since launch of 112.78% (data as of January 7, 2026).
For more information:
HARMON
Dani Ruiz | Alejandro Martí
+34 680 477 484 | +34 610 680 385
ayg@harmon.es
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