ETFs and Crypto

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One of the latest proposed ETFs, from KraneShares, would invest across a considerable range of crypto assets. That fund, the KraneShares CF Large Cap Crypto Index ETF, for which the firm filed a registration statement for SEC review last Friday, would hold bitcoin, ether, XRP, Solana, Dogecoin, Cardano and Hedera, according to the initial prospectus. And another firm, Bitwise, filed last week for three products that would expand its crypto coverage: The Bitwise Bitcoin & Ethereum ETF; Bitwise Aptos ETF; and Bitwise Dogecoin ETF. In the short history of the crypto ETF market, sales and assets have been dominated by a few players, most notably BlackRock, whose iShares Bitcoin Trust ETF represents nearly $75 billion. That hasn’t stopped companies from developing new ETFs, but there is a question about demand.