The world of digital assets is evolving rapidly, and investors are increasingly seeking smart, diversified ways to gain exposure to the crypto market. One standout solution is the 21Shares Crypto Basket 10 Core ETP, commonly known by its ticker symbol HODLX. Designed for both seasoned and new investors, HODLX offers a streamlined, secure, and cost-effective way to invest in the top 10 cryptocurrencies by market capitalization—all within a single exchange-traded product (ETP).
Backed 100% by the underlying crypto assets and stored in institutional-grade cold storage, HODLX combines safety with strategic diversification. Whether you're looking to hedge against volatility or gain broad market exposure, this ETP delivers a balanced approach to crypto investing.
👉 Discover how easy it is to start building a diversified crypto portfolio today.
What Is the 21Shares Crypto Basket 10 Core ETP?
The 21Shares Crypto Basket 10 Core ETP (HODLX) is an exchange-traded product that tracks a basket of the ten largest digital assets by market cap. This includes major players like Bitcoin (BTC) and Ethereum (ETH), alongside other leading cryptocurrencies such as Binance Coin (BNB), Solana (SOL), and Cardano (ADA).
Unlike traditional investment funds, HODLX is fully collateralized—meaning every share issued is backed by actual holdings of the underlying cryptocurrencies. These assets are securely held in offline cold storage by trusted institutional custodians, minimizing exposure to cyber threats.
This ETP is ideal for investors who want:
- Broad exposure to the crypto market
- Reduced reliance on any single digital asset
- A professionally managed, regularly rebalanced portfolio
With its competitive fee structure and transparent operations, HODLX stands out as one of the most accessible gateways to diversified crypto investing.
Key Benefits of Investing in HODLX
1. Comprehensive Market Exposure
By including the top 10 cryptocurrencies, HODLX captures a significant portion of the overall crypto market. This broad representation allows investors to benefit from the growth potential across multiple high-performing assets—not just Bitcoin or Ethereum.
This diversification helps reduce risk compared to holding a single cryptocurrency, especially during periods of high volatility.
2. Professional Portfolio Management
HODLX is rebalanced quarterly to ensure the portfolio remains aligned with current market conditions. This disciplined approach prevents over-concentration in any one asset and maintains a balanced weighting based on market cap.
Quarterly rebalancing also minimizes emotional trading decisions and short-term market noise, offering a more stable long-term investment strategy.
3. Full Asset Backing & Institutional Security
One of the most critical concerns for crypto investors is security. HODLX addresses this by being 100% collateralized, with all underlying assets stored in cold storage managed by Copper Technologies (Switzerland) AG, a regulated institutional custodian.
This level of transparency and security exceeds many retail crypto platforms and provides peace of mind for conservative and institutional investors alike.
4. Environmental Responsibility
21Shares is committed to sustainability. Since 2021, the company has supported climate protection initiatives, including clean energy projects and reforestation efforts. By choosing HODLX, investors align their portfolios with environmentally responsible practices—without sacrificing returns.
How Does HODLX Work?
HODLX operates like a traditional ETP but with full backing in digital assets. Here's how it works:
- Creation: Authorized participants deposit the underlying basket of cryptocurrencies to receive new HODLX shares.
- Trading: Investors can buy and sell HODLX on major exchanges using standard brokerage accounts.
- Redemption: Shares can be redeemed for the underlying assets by authorized entities, ensuring price alignment with net asset value (NAV).
The primary exchange for HODLX is the Cboe BZX Exchange, Inc., providing liquidity and regulatory oversight.
Launch Date: September 28, 2021
Total Shares Outstanding: 865,000
Fund Custodian: Copper Technologies (Switzerland) AG
Marketing Agent: Foreside Global Services LLC
Sales Services: Resolute Investment Distributors, Inc.
How to Invest in HODLX: A Step-by-Step Guide
Investing in HODLX is straightforward and integrates seamlessly into traditional investment workflows.
Step 1: Choose a Brokerage Platform
Select a bank or brokerage that offers access to exchange-traded products. Many global platforms support HODLX trading through standard account types.
👉 See which platforms make it easiest to invest in diversified crypto ETPs.
Step 2: Place Your Order
Decide how many shares you'd like to purchase and choose your order type:
- Market Order: Execute at the current market price
- Limit Order: Set a specific price at which you’re willing to buy or sell
- Stop-Loss Order: Automatically sell if the price drops below a threshold (risk management)
Step 3: Confirm and Monitor
Review your trade details and confirm the transaction. Once executed, track your investment performance through your brokerage dashboard.
Because HODLX trades like a stock, it fits naturally into existing portfolios without requiring specialized crypto wallets or exchanges.
Why Choose 21Shares?
21Shares is a leader in regulated digital asset products, known for innovation, transparency, and compliance. As one of the first issuers to launch physically backed crypto ETPs in Europe, the firm has built a reputation for trust and reliability.
Key differentiators include:
- Full collateralization of all products
- Institutional-grade custody solutions
- Regular third-party audits
- Commitment to ESG principles
With HODLX, 21Shares continues to set the standard for secure, accessible, and sustainable crypto investing.
Frequently Asked Questions (FAQ)
Q: What does HODLX stand for?
A: HODLX is the ticker symbol for the 21Shares Crypto Basket 10 Core ETP. The name plays on the crypto community term “HODL,” meaning to hold long-term despite volatility.
Q: Is HODLX backed by real cryptocurrencies?
A: Yes. Each share of HODLX is fully collateralized by actual holdings of the top 10 cryptocurrencies, securely stored in cold wallets managed by institutional custodians.
Q: How often is the portfolio rebalanced?
A: The portfolio is rebalanced quarterly to reflect changes in market capitalization and maintain optimal diversification.
Q: Can I redeem my HODLX shares for crypto?
A: Direct redemption is available only to authorized participants (like market makers). Retail investors can sell shares on the open market through their broker.
Q: Where can I trade HODLX?
A: HODLX is listed on major exchanges, including Cboe BZX. Availability may vary depending on your brokerage platform.
Q: Does HODLX pay dividends?
A: No. The ETP does not distribute income. Any staking rewards or network benefits are used to offset fees or enhance net asset value.
Final Thoughts
The 21Shares Crypto Basket 10 Core ETP (HODLX) offers a compelling blend of diversification, security, and simplicity for anyone looking to invest in cryptocurrency without managing multiple assets. With full backing, professional management, and a strong focus on sustainability, HODLX is positioned as a future-forward investment vehicle in the evolving digital economy.
Whether you're building a long-term portfolio or adjusting your asset allocation, HODLX provides a trusted entry point into the dynamic world of crypto—without compromising on safety or transparency.
👉 Start exploring diversified crypto investment opportunities now.