KraneShares has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for the establishment of the “Coinbase 50 Index ETF.” This new fund aims to track the performance of the 50 largest cryptocurrencies by market capitalization.
Key Takeaways:
KraneShares is seeking to launch the Coinbase 50 Index ETF, which will focus on the leading 50 cryptocurrencies.
Market analysts anticipate an influx of similar crypto index ETF filings as demand for diversified cryptocurrency investments grows.
Currently, over 70 cryptocurrency ETFs are pending SEC approval, underscoring the developing interest in crypto assets beyond Bitcoin and Ethereum.
The Coinbase 50 Index, introduced in late 2024, is subject to quarterly rebalancing. Its current distribution allocates 50% to Bitcoin, 21% to Ethereum, and 9% to XRP.
Nate Geraci, President of ETF Store, noted that the forthcoming filing may spark a wave of similar applications, indicative of increasing investor interest in varied cryptocurrency exposure.
KraneShares Cultivates a Reputation in Alternative Asset Investment
Established in 2023 by Jonathan Krane, KraneShares operates as a New York-based asset management firm renowned for its funds focusing on China, climate-related themes, and alternative assets.
The company’s venture into cryptocurrency ETFs signifies a strategic pivot, as traditional asset managers seek to tap into the rising demand for digital asset investments.
KraneShares is predominantly owned by China International Capital Corporation, a prominent financial institution in China, indicating a global interest in introducing regulated cryptocurrency investment products to U.S. markets.
KraneShares files for Coinbase 50 Index ETF…
Would track performance of 50 largest & most liquid digital assets by market cap w/ a few other filters.
Think we're going to see massive wave of crypto index ETF filings. pic.twitter.com/I07GtoZ8qa
— Nate Geraci (@NateGeraci) June 27, 2025
In a recent disclosure, Bloomberg analyst Eric Balchunas reported that there are currently more than 70 cryptocurrency ETFs awaiting SEC evaluation.
This extensive lineup encompasses various digital assets extending beyond Bitcoin, including XRP, Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE), as well as other crypto derivatives.
Balchunas highlighted that spot ETF applications for XRP and Solana are particularly popular, with 10 institutions seeking XRP-based ETFs and six targeting Solana.
The surge in these applications suggests a growing institutional appetite for diversifying cryptocurrency exposure beyond Bitcoin and Ethereum.
This increase in filings reflects not only market demand but also a changing regulatory landscape in the United States.
Bitcoin ETFs Experience Remarkable Inflows
The U.S. spot Bitcoin ETF market has enjoyed 13 consecutive days of inflows, aggregating over $2.9 billion as institutional investors increase their exposure, even with Bitcoin trading around $107,374.
On Tuesday, the market saw an inflow of $588.6 million, marking the largest single-day gain in June. Leading this influx was BlackRock’s IBIT with $163.7 million, trailed by Fidelity’s FBTC and Bitwise’s BITB.
Market analysts suggest that these inflows are largely driven by long-only investors due to limited basis arbitrage opportunities.
Moreover, Bitcoin ETFs have outperformed their gold counterparts, recording $3 billion in inflows compared to $1 billion in outflows for gold ETFs over a five-day span, indicating a shift toward cryptocurrency as a hedge against traditional assets.
The increasing demand for spot Bitcoin ETFs coincides with accelerated corporate adoption in the face of prevailing macroeconomic uncertainties.
For instance, Anthony Pompliano’s ProCap BTC acquired 3,724 Bitcoin for $386 million, part of its broader strategy to go public via a SPAC merger. Simultaneously, Japan’s Metaplanet raised $517.8 million on the first day of its ambitious “555 Million Plan,” which aims to accumulate 210,000 Bitcoin by 2027.
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