KraneShares files for Coinbase 50 ETF, aims to reshape mainstream investment

KraneShares has officially filed with the SEC to launch the groundbreaking Coinbase 50 ETF, the first-ever exchange-traded fund designed to track a diversified basket of 50 leading cryptocurrencies, including Bitcoin, Ethereum, and XRP.

The proposed fund comes as institutional demand for crypto exposure hits record levels, with analysts calling it ‘the most significant development since Bitcoin ETFs

In a filing submitted to the U.S. Securities and Exchange Commission, KraneShares proposed the “Coinbase 50 Index ETF”, which will mirror the composition of Coinbase’s proprietary index launched in late 2024.

The index is rebalanced quarterly and currently allocates 50% to Bitcoin (BTC), 21% to Ethereum (ETH), and 9% to XRP, with the remainder diversified across a variety of promising altcoins.

“The Coinbase 50 ETF offers a diversified gateway into digital assets, potentially marking a pivotal shift in how U.S. investors approach crypto portfolios,” said Nate Geraci, President of The ETF Store.

Kraneshare pushes into crypto with bold index strategy

Founded by Jonathan Krane in 2023, KraneShares has built a name on specialized funds focusing on China, climate solutions, and alternative investments.

With backing from China International Capital Corporation, the firm is now leveraging its global expertise to tap into U.S. crypto markets with the Coinbase 50 ETF.

This is no random leap. With U.S. spot Bitcoin ETFs attracting over $2.9 billion in inflows in just 13 days, demand for broader crypto ETFs is hitting all-time highs.

According to Eric Balchunas, ETF analyst at Bloomberg, more than 70 crypto ETFs are currently awaiting SEC review.

“We’re witnessing the next chapter in crypto finance. The Coinbase 50 ETF is part of a wave that goes beyond Bitcoin and Ethereum,” Balchunas told Bloomberg. “Institutional investors want full-spectrum exposure.”

The timing couldn’t be better. Bitcoin ETFs are already outpacing gold ETFs in investor appeal. In mid-June, Bitcoin spot ETFs saw $588.6 million in inflows in a single day, with BlackRock’s IBIT leading the charge. Meanwhile, gold ETFs reported outflows exceeding $1 billion over five days.

That capital shift signals changing investor behavior—and a growing appetite for regulated crypto exposure.

The Coinbase 50 ETF could serve as a one-stop solution for institutions and retail investors looking for broader crypto diversification without the need to manage dozens of digital wallets.

Diverse exposture: XRP, Solana, DOGE & more in the pipeline

While Bitcoin and Ethereum dominate, the Coinbase 50 ETF also highlights the growing popularity of altcoins.

Coinbase’s index includes assets like Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and XRP, all of which have seen increased demand in ETF filings.

Balchunas revealed that 10 XRP ETF applications and 6 Solana ETF proposals are already in the pipeline. These filings reflect a clear trend: the market wants access to crypto assets beyond the top two.

“Investors are looking for more than just BTC and ETH. They want access to the full crypto economy,” said Geraci.

Should the Coinbase 50 ETF gain SEC approval, it could trigger a chain reaction among legacy fund managers.

With inflows into Bitcoin ETFs already skyrocketing, a diversified crypto index product like this would provide a compelling option for pension funds, hedge funds, and wealth managers.

In parallel, adoption is accelerating globally. Japan’s Metaplanet raised over $517 million in a single day as part of its goal to accumulate 210,000 BTC by 2027. Meanwhile, ProCap BTC, led by Anthony Pompliano, acquired 3,724 BTC for $386 million ahead of its SPAC listing.