New York asset manager KraneShares files to list Coinbase 50 Index ETF

KraneShares, an asset management firm specializing in exchange-traded funds, is looking to list a "Coinbase 50 Index ETF" that would track the 50 largest digital assets by market capitalization, according to an announcement. The firm submitted its registration filing with the U.S. Securities and Exchange Commission on Friday.The Coinbase 50, launched in late 2024, is an index product overseen by the largest U.S. crypto exchange. The basket weighting is reevaluated quarterly, and its three largest holdings are currently 50% Bitcoin, about 21% ETH, and 9% XRP."Think we're going to see massive wave of crypto index ETF filings," ETF Store President Nate Geraci said on X.KraneShares, founded in 2023 by Jonathan Krane, is a New York-based investment firm focused primarily on China, climate, and alternative investments. The firm is majority-owned by China International Capital Corporation, a leading Chinese financial services firm.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.