New U.S. ETF provides diversified exposure to 10 of the leading altcoins beyond Bitcoin and Ethereum through a portfolio of crypto ETPs accessible via traditional brokerage accounts.
CoinShares International Limited, a leading global asset manager specialising in digital assets with over $10 billion in AUM, announced the launch of the CoinShares Altcoins ETF (ticker: DIME), an innovative U.S. ETF designed to capture the altcoin opportunity through investors’ existing brokerage accounts.
Breaking Down Altcoin Investment Barriers
At the moment, spot Bitcoin (BTC) and spot Ethereum (ETH) ETFs are the only cryptocurrency products available in the United States1, leaving approximately 70% of the crypto market inaccessible through traditional brokerages. DIME offers the ability to solve this gap for U.S. investors. The broader altcoin universe, where emerging opportunities may exist, requires direct crypto asset investment by way of often complex crypto exchange requirements. DIME is one of the first funds to offer exposure beyond BTC, ETH, and stablecoins, delivering diversified altcoin access directly through traditional brokerage accounts in a simple, familiar ETF wrapper.
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Broad-Based Exposure Across Emerging Altcoins
DIME allocates investments equally across multiple ETPs holding different digital assets to reduce the risk of relying on a single cryptocurrency. DIME offers optionality across emerging Layer 1 alternatives,* spanning three investment themes: high-speed blockchains, interoperability protocols,** and growing platforms. DIME provides equally-weighted exposure to a basket of altcoins through investments in exchange traded products listed on public equity markets in the United States, Canada, the United Kingdom and the European Union. DIME’s initial investments will be focused on ETPs invested in Solana (SOL), Polkadot (DOT), Cardano (ADA), Cosmos (ATOM), Sei (SEI), Avalanche (AVAX), Sui (SUI), Aptos (APT), Near Protocol (NEAR), and Toncoin (TON).
*Layer 1 alternative blockchains are the foundational networks that run on their own technology and handle transactions directly, without depending on another blockchain.
** Interoperability protocols are technologies that let different blockchains talk to each other and share information.
Risk-Managed Framework
DIME aims to track the performance of the CoinShares-Compass Altcoins Index, which employs equal weighting across its constituents with quarterly rebalancing, preventing concentration risk while systematically trimming overperformers and adding to underperformers — a disciplined approach for volatile markets.
“The altcoin market represents some of blockchain’s most innovative developments, but accessing these opportunities through traditional channels in the United States has been nearly impossible,” said Jean-Marie Mognetti, CoinShares’ CEO. “DIME changes that as part of our U.S. market expansion, bringing diversified altcoin exposure directly to American investors’ brokerage accounts for the first time.””
Key Features
- Brokerage Integration: Among the first U.S. altcoin ETF aiming to provide diversification through standard investment accounts.
- Maximum Optionality: Equal exposure to a selection of Layer 1 blockchains across multiple investment themes.
- Risk Management: Equal weighting with quarterly rebalancing aimed to prevent undue concentration – allowing clear risk budgeting.
- Waived Management Fee: CoinShares has contractually agreed to waive the 0.95% gross expense for the Fund on asset under management up to $1 billion through September 30, 2026, unless earlier amended or terminated by the Trust’s Board of Trustees on behalf of the Fund.
- Familiar Structure: Built using ETPs listed on U.S., Canadian, U.K. and European public equity exchanges.
DIME addresses growing demand for cryptocurrency diversification beyond BTC and ETH, eliminating the complexity of managing crypto wallets while providing familiar ETF transparency and oversight.
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