The 21Shares Canton ETF (TCAN) has launched on Nasdaq, marking the first U.S.-listed fund offering direct exposure to Canton Coin. The fund has a 0.50% expense ratio and connects traditional finance institutions with blockchain infrastructure through the Canton Network.
21Shares has launched the first U.S.-listed exchange-traded fund providing exposure to Canton Coin, trading under the ticker TCAN on the Nasdaq Stock Exchange. The ETF has a gross expense ratio of 0.50%, with Teucrium Investment Advisors acting as investment advisor and 21Shares as subadviser.
The launch expands institutional access to blockchain-based financial products within a regulated framework. Goldman Sachs, Microsoft, and Deutsche Bank are involved with the Canton Network, which connects traditional finance and blockchain infrastructure.
Token Metrics highlighted the launch, describing it as “the first U.S. ETF giving investors direct exposure to Canton Coin ($CC).” The 21Shares Bitcoin ETP (ABTC.SW) price fell to 20.61 on May 8, down 1.86%, reflecting pressure on Bitcoin-linked products.
Financial analysts believe the TCAN ETF may significantly bridge traditional and blockchain finance. The Canton Network, initially created by Digital Asset, is now an open-source protocol governed by the Canton Foundation, with PINE Distributors LLC acting as the ETF’s distributor.
