KraneShares, a New York-based asset management firm, has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a new exchange-traded fund (ETF) called the Coinbase 50 Index ETF. This ETF aims to track the 50 largest digital assets by market capitalization. The Coinbase 50 Index, set to launch at the end of 2024, will be regulated by Coinbase, the largest cryptocurrency exchange in the U.S. The index's composition is reviewed quarterly, with its current major holdings including 50% Bitcoin, approximately 21% Ethereum (ETH), and 9% XRP. This move by KraneShares reflects the growing interest in structured investment products within the cryptocurrency sector.