“One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.”, — write: www.coindesk.com
Rather than holding crypto directly, the proposed ETFs would rely on cash-settled, regulated futures contracts to mimic the index’s daily performance.
While one fund will track the CoinDesk 20, the other will track that index, but exclude bitcoin by pairing long index futures with short bitcoin futures.
Both products are designed to give investors diversified access to crypto assets without the complexities of custody or direct token ownership. The funds would list on NYSE Arca, although the exchange has not yet submitted a 19b-4 form with the Securities and Exchange Commission (SEC), a key step in making the filings official and initiating the approval process.
The ARK filings follow similar efforts by asset managers WisdomTree and ProShares, who have also proposed crypto index ETFs using regulated futures. None of the filings have yet been approved for trading, leaving a gap in the market for diversified crypto exposure through ETFs.
While ARK has already made headlines with its involvement in spot bitcoin ETFs, these latest products signal a push toward broader coverage of the crypto market.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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Polymarket has launched new prediction markets tied to Volmex’s bitcoin and ether 30-day implied volatility indices.
- Polymarket has launched new prediction markets tied to Volmex’s bitcoin and ether 30-day implied volatility indices, allowing users to bet on how high volatility will get in 2026.
- The contracts pay out if volatility indices reach or exceed a preset level by Dec. 31, 2026, letting traders wager on the intensity of price swings rather than market direction.
- Early trading implies roughly a one-in-three chance that bitcoin and ether volatility will nearly double from current levels.
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