S&P launches blockchain fundamentals index for digital assets
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- Hashdex launched the Nasdaq Crypto Index US ETF on Feb. 14, 2025, the first multi-asset spot crypto exchange-traded fund in the United States.
- Franklin Templeton followed six days later with the Franklin Crypto Index ETF, a market capitalization-weighted fund tracking Bitcoin and Ether through the US CF Institutional Digital Asset Index.
- MarketVector Indexes and Coinbase Asset Management launched the Coinbase Store of Value Index in April, combining Bitcoin and tokenized gold using an inverse-volatility weighting model for diversified exposure.
- Bitwise chief investment officer Matt Hougan said in December that "crypto index funds are going to be a big deal in 2026" as digital asset markets grow more complex and picking individual winners gets harder.
- The product wave tracks a broader industry push toward institutional-grade benchmarks as tokenized assets gain traction and traditional finance firms expand their crypto offerings.
Why it matters: Three product launches from major TradFi names (Hashdex, Franklin Templeton, MarketVector–Coinbase) compressed into roughly 10 weeks between February and April 2025 — a pace that signals institutional money is moving from single-token bets to diversified index exposure. Bitwise CIO Matt Hougan's December prediction that 2026 will be the breakout year for crypto index funds gives allocators a near-term deadline to build benchmark strategies before the category goes mainstream.
