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KraneShares plans to launch a digital asset Top 50 ETF to track the 50 index of a certain platform.
According to an announcement, the asset management company KraneShares, which focuses on exchange-traded funds (ETF), is seeking to list a "certain exchange 50 index ETF" that will track the 50 largest digital assets by market capitalization. The company submitted its registration documents to the SEC on Friday.
The 50 index of a certain exchange platform will be launched at the end of 2024 and is regulated by the largest cryptocurrency exchange in the United States. The weights of the index are reassessed quarterly, with its three major holdings currently being 50% Bitcoin, approximately 21% ETH, and 9% XRP.