21Shares said that it will revise the reference pricing framework for four of its main exchange-traded products, replacing CCIX Bitcoin USD and CCIX Ethereum USD benchmarks with FTSE Bitcoin Index (1HR 1700 CET) and FTSE Ethereum Index (1HR 1700 CET). The update is aimed at refining how these products track the underlying crypto markets rather than changing their investment purpose.
The issuer said the changes will take effect on March 26, 2026 and will also add FTSE International Limited as an index administrator. 21Shares is presenting the move as a targeted operational adjustment meant to improve pricing precision while leaving fees and regulatory structures intact.
Four Core Products Will Move to FTSE Reference Pricing
The update applies to four specific ETPs in the 21Shares lineup. The affected products are the 21Shares Bitcoin ETP, the 21Shares Ethereum Staking ETP, the 21Shares Bitcoin Core ETP, and the 21Shares Ethereum Core Staking ETP.
For the Bitcoin-linked vehicles, 21Shares will switch from CCIX Bitcoin USD to the FTSE Bitcoin Index (1HR 1700 CET). That change will affect the 21Shares Bitcoin ETP, with ISIN CH0454664001 and tickers ABTC / BTCU, as well as the 21Shares Bitcoin Core ETP, with ISIN CH1199067674 and tickers CBTC / CBTU.
For the Ethereum-linked vehicles, the issuer will replace CCIX Ethereum USD with the FTSE Ethereum Index (1HR 1700 CET). This will apply to the 21Shares Ethereum Staking ETP, with ISIN CH0454664027 and tickers AETH / ETHU, and the 21Shares Ethereum Core Staking ETP, with ISIN CH1209763130 and tickers ETHC / CETU.
The Main Objective Is Lower Tracking Error
21Shares framed the switch as a way to improve the connection between ETP pricing and the underlying digital-asset market. By moving to FTSE’s hourly reference indices, the issuer expects to reduce tracking error, one of the key measures institutional investors use when judging whether a product is accurately following its target asset.
The addition of FTSE International Limited also changes the governance structure behind the pricing process. Bringing a globally recognized index administrator into the valuation chain strengthens the index-administration framework supporting these products without altering their broader legal or fee terms.
That limited scope is an important part of the announcement. 21Shares made clear that the change affects reference pricing and index governance, not the fee schedule or the compliance arrangements already attached to the products.
Firms will need to check that pricing feeds, reconciliation workflows, NAV calculations, and settlement processes all align correctly with the new FTSE hourly timestamps to avoid mismatches once the switch goes live.
The update also reflects a wider market direction in digital-asset investment products. The move toward established index providers suggests that issuers continue to prioritize pricing credibility and operational consistency as institutional participation in crypto ETPs expands.
