Asset management company KraneShares has applied to the U.S. SEC to launch the Coinbase 50 Index ETF

2025-06-28 09:28:17

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ChainCatcher news, according to The Block, asset management company KraneShares, focused on ETFs, announced on Friday that it has submitted an application to the U.S. Securities and Exchange Commission to launch a "Coinbase 50 Index ETF" that tracks the top 50 digital assets by market capitalization. This index product is set to be launched by Coinbase, the largest cryptocurrency exchange in the U.S., at the end of 2024, with quarterly adjustments to the component weights. Currently, its top three holdings are Bitcoin (50%), Ethereum (approximately 21%), and XRP (9%).

KraneShares was founded by Jonathan Krane in 2023 and is an investment company based in New York, primarily focusing on China, climate, and alternative investments. The company is majority-owned by the well-known Chinese financial services institution China International Capital Corporation (CICC).

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