CoinShares International Ltd., a Jersey-based digital asset manager with more than $10 billion in assets under management, has introduced a new exchange-traded fund designed to broaden cryptocurrency exposure for U.S. investors.
The CoinShares Altcoins ETF, trading under the ticker DIME, began trading on Tuesday on the Nasdaq exchange, marking one of the first U.S. ETFs to offer diversified access to digital assets beyond Bitcoin and Ether.
Expanding Beyond Bitcoin and Ethereum
Until now, U.S. investors could only access cryptocurrency exposure through spot Bitcoin and Ethereum ETFs. According to CoinShares, these two assets represent less than a third of the total crypto market value, leaving a wide segment of digital assets out of reach for traditional brokerage clients.
The DIME fund seeks to bridge that gap by offering exposure to a diversified portfolio of alternative cryptocurrencies through a regulated ETF structure. It invests in a range of exchange-traded products (ETPs) listed across the United States, Canada, the United Kingdom, and the European Union.
Initial allocations include ETPs tied to Solana (SOL), Polkadot (DOT), Cardano (ADA), Cosmos (ATOM), Sei (SEI), Avalanche (AVAX), Sui (SUI), Aptos (APT), Near Protocol (NEAR), and Toncoin (TON). Jean-Marie Mognetti, chief executive officer of CoinShares, said the new ETF is part of the firm’s effort to make altcoin exposure more accessible to investors through familiar investment channels.
Equal-Weight Approach and Risk Controls
The DIME ETF tracks the CoinShares-Compass Altcoins Index, which equally weights its components and rebalances quarterly. The strategy aims to manage concentration risk by trimming outperforming assets and reallocating to underperforming ones.
CoinShares said the fund’s structure provides exposure across three key themes: high-speed Layer 1 blockchains, interoperability protocols, and emerging smart contract platforms. Layer 1 blockchains refer to networks that process transactions on their own technology, while interoperability protocols allow blockchains to share information.
To encourage adoption, CoinShares will waive the fund’s 0.95% management fee on assets up to $1 billion until September 30, 2026, subject to approval by the fund’s board.
Simplified Access Through Brokerages
CoinShares said DIME enables investors to gain cryptocurrency diversification through standard brokerage accounts, eliminating the need for direct crypto exchange participation or wallet management. The fund is designed to offer the transparency and oversight of a traditional ETF while opening access to a broader segment of the digital asset market.
