Cryptex Files Sixth S-1/A for 24-Token BAGZ Multi-Crypto ETF
- —Major coins BTC, ETH, SOL, XRP and ADA are capped at 51.7% of index weight
- —L1/L2 infrastructure takes about 22.25%; memes and innovation tier capped at 15%
- —No single asset may exceed 30% of the index; assets below 0.15% are dropped
- —Staking of ETH, SOL, ADA and HYPE is limited to 33% of portfolio assets
Why it matters: SEC approval of multi-token ETFs would broaden institutional access to altcoins via a single ticker, though the fund is not yet effective.
Source: CoinGape