21shares and A&G Banco launch FLEX: the new ETP for smart investing in cryptocurrencies

The landscape of digital assets is enriched by a significant novelty: the launch of the 21shares Flexible Crypto Index ETP (FLEX), an innovative product born from the collaboration between 21shares, one of the world’s leading issuers of cryptocurrency ETPs, and A&G Banco.

This new ETP, available from January 13, 2026, on the Xetra exchange with the tickers FLEX GY (EUR) and FLEY GY (USD), promises to offer European investors diversified and dynamic exposure to major digital assets, with a particular focus on risk management.

Distinctive Features of FLEX

A Next-Generation ETP

FLEX stands out for its innovative structure: it is a crypto basket that replicates the 21Shares Flexible Crypto Index, developed in collaboration with Market Vector Indexes, one of the world’s leading providers of digital asset indices.

The index is built on a broad universe of crypto assets selected based on strict criteria of size, liquidity, and regulatory compliance, making it particularly suitable for institutional investors.

Active and Systematic Management

The true strength of FLEX lies in its proprietary allocation model, developed by A&G Banco. This model combines a minimum variance approach with positive momentum signals, aiming to maintain a low correlation between assets and optimize the risk/reward ratio.

In practice, FLEX adopts a systematic strategy that dynamically adapts to market conditions, reducing concentration risk and offering greater protection during periods of volatility.

An Innovative Approach to Risk Management

Liquidity and Defense in Times of Turbulence

One of the most innovative aspects of FLEX is the ability to allocate up to 30% of the portfolio in liquidity through USDC. This cash component allows the product to adopt a more defensive position during periods of high volatility or market stress, without sacrificing the agility needed to seize growth opportunities when volatility decreases. In this way, FLEX offers risk management integrated directly into the structure of the ETP.

Institutional Infrastructure and Security

FLEX is fully physically backed by the underlying assets and benefits from the institutional custody infrastructure of 21shares, thus ensuring maximum security for investors.

This aspect represents an important step towards the professionalization of cryptocurrency investments in Europe, offering wealth management and financial advisory operators a sophisticated tool that complies with regulatory standards.

A Product Designed for Professional Investors

Suitable for Various Investment Profiles

The launch of FLEX addresses the growing demand for diversified and systematic exposure to cryptocurrencies, particularly from institutional investors, wealth managers, and financial advisors.

As Mandy Chiu, Global Head of Product Development at 21shares, highlights, “investors are increasingly seeking exposure to cryptocurrencies that is diversified, systematic, and compliant with institutional risk management standards. FLEX combines smart indexing and integrated risk management within a unique ETP structure, enabling investors to approach the crypto world with greater method and confidence.”

Transparency and Clear Rules

Román González Torres, Quant & Crypto product specialist at A&G Banco, highlights how “the core of FLEX lies in its allocation model. By combining a minimum variance portfolio construction, momentum signals, and a dynamic liquidity component, we have developed a transparent and rule-based approach that reflects how professional investors manage risk in volatile markets.”

A Step Forward for the European Crypto Ecosystem

Towards Greater Maturity in the Sector

The launch of FLEX marks a pivotal milestone in the maturation of the cryptocurrency investment ecosystem in Europe. Thanks to the combination of 21shares’ leadership in ETP infrastructure and A&G Banco’s quantitative expertise, FLEX positions itself as an ideal tool for integrating cryptocurrencies into regulated advisory, private banking, and wealth management portfolios.

Accessibility and Competitiveness

With an annual fee of 1.49% and the ability to trade in both euros and dollars, FLEX presents itself as a competitive and easily accessible product for a wide range of investors. Its transparent structure and active risk management make it particularly suitable for those looking to explore the world of digital assets without compromising on solid wealth management.

Conclusion: A New Frontier for Digital Investments

The 21shares Flexible Crypto Index ETP (FLEX) sets a new standard for access to digital assets in Europe, offering a solution that combines diversification, risk management, and transparency. Thanks to the collaboration between 21shares and A&G Banco, investors can now rely on an advanced tool designed to meet the needs of a rapidly evolving market that is increasingly oriented towards professionalization. For more details on the entire range of 21shares products, you can visit the official website www.21shares.com.