21Shares and A&G Banco Launch the 21Shares Flexible Crypto Index ETP (FLEX)
Zurich, 14 January 2026 — 21Shares, a prominent issuer of cryptocurrency exchange-traded products (ETPs), has announced the launch of the 21Shares Flexible Crypto Index ETP (FLEX) in collaboration with A&G Banco. This new product aims to provide diversified, risk-adjusted exposure to leading digital assets through a single ETP, expanding investment opportunities in the cryptocurrency market.
Key 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% per annum
Innovative Indexing Approach
The FLEX ETP utilizes a dynamic indexing strategy paired with an actively managed, rules-based allocation model created by A&G Banco. This innovative approach aims to minimize concentration risk while providing investors access to the most liquid and established cryptocurrencies.
FLEX tracks the 21Shares Flexible Crypto Index, developed in partnership with MarketVector Indexes™, a leader in digital asset indices. The index selects crypto assets based on several factors, including size, liquidity, and regulatory criteria, thereby optimizing the risk-return profile of the broader crypto ecosystem.
Built-in Risk Management Features
A standout aspect of the FLEX ETP is its built-in risk management framework. The allocation strategy permits up to 30% of the portfolio to be held in cash via USDC. This strategic allocation enables the ETP to bolster defensive positioning during market volatility while remaining flexible to capitalize on growth opportunities when conditions improve.
Expert Insights
“Investors are increasingly looking for crypto exposure that is diversified, systematic, and aligned with institutional risk standards,” stated 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 confidence.”
Román González Torres, Product Specialist at A&G Banco, emphasized, “The core of FLEX is its allocation model. By integrating minimum-variance portfolio construction, momentum signals, and a dynamic cash component, we have crafted a transparent and rules-based approach that reflects how professional investors manage risk in volatile markets.”
Significance in Crypto Investing
The introduction of FLEX marks a significant advancement in the professionalization of crypto investing in Europe. It provides wealth managers and investors with a sophisticated yet accessible tool for navigating digital asset markets, fully backed and secured by 21Shares’ institutional-grade custody infrastructure.
About 21Shares
Founded with the mission of making cryptocurrency investments more accessible, 21Shares AG offers one of the largest suites of cryptocurrency ETPs available in the market. Since launching the world's first physically-backed crypto ETP in 2018, the company has built a strong reputation for providing innovative and efficient investment solutions.
About A&G Banco
Established in 1987, A&G Banco is an independent financial services group with a solid track record in wealth advisory and asset management, overseeing over 17 billion euros in assets. The firm has been at the forefront of cryptocurrency investment in Europe, launching the first registered cryptocurrency fund in Spain.
Contact Information
For more information regarding the 21Shares product suite, please visit www.21shares.com.