21Shares and A&G Banco jointly launch the 21Shares Flexible Crypto Index ETP (FLEX), a physically-backed cryptocurrency basket product listed on the Xetra exchange. The ETP tracks an index co-developed with MarketVector and uses A&G Banco's proprietary model, which employs a minimum variance framework and momentum signals for asset allocation. Its main feature is allowing up to 30% USDC allocation during market stress to enhance defensive strategies. The product has an annual fee of 1.49% and aims to provide a regulated, risk-adjusted cryptocurrency investment opportunity for wealth management in Europe.