21shares Integrates BMR-Registered Kaiko Indices to Boost European ETP Pricing
On April 30, 2026, 21shares switched the index provider for its European single-asset ETP suite to Kaiko Indices, a BMR-registered benchmark administrator, ensuring compliance. This integration leverages Kaiko’s granular data and optimized exchange selection to retain tickers, ISINs and fees while improving pricing precision for TXXS and sister products.
1. Partnership Overview
On April 30, 2026, 21shares transitioned the underlying index provider for its European single-asset ETP suite, including TXXS, to Kaiko Indices. Kaiko Indices is an independent benchmark administrator registered under the EU Benchmark Regulation, marking a strategic shift in data sourcing for 21shares’ products.
2. Compliance Enhancement
By partnering with a BMR-registered benchmark administrator, 21shares meets the stringent EU regulatory requirements for institutional product issuance. This alignment with the EU Benchmark Regulation ensures that all ETP pricing benchmarks adhere to approved governance, transparency and data-quality standards.
3. Operational Impact
The integration was completed without altering tickers, ISINs or product fees, maintaining a continuous historical performance and NAV record. The seamless switch means investors experience no disruptions or rebranding in their holdings across Euronext Paris, Amsterdam, London Stock Exchange and SIX Swiss Exchange listings.
4. Expected Benefits
Kaiko’s methodology prioritizes granular, high-frequency data and optimized exchange selection to address fragmented liquidity in emerging crypto assets. As a result, TXXS and related ETPs are set to benefit from enhanced price accuracy and deeper coverage for long-tail tokens, supporting improved institutional-grade benchmark performance.