Cryptex Finance Updates Digital Market Cap ETF Filing

The firm maintains a 4.41% weight for XRP in its latest amendment for the proposed BAGZ ETF.

Updated on Oct. 24, 2026 in Investing

Cryptex Finance Updates Digital Market Cap ETF Filing

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Cryptex Finance filed an amended proposal for its Digital Market Cap ETF on Oct. 23, 2026. The filing retains a 4.41% portfolio allocation for XRP based on a September index snapshot.

Why it matters

This filing clarifies the structure of the proposed fund, which seeks to track the performance of a multi-asset digital market index. Establishing clear weightings for assets like XRP is a key step for the ETF as it works toward its goal of listing on Nasdaq under the ticker BAGZ.

The proposed fund portfolio contains 24 assets drawn from an index of 36 constituents. The filing mandates a 6.5% minimum weight floor for the CTX token and excludes any assets with a weight below 0.50%.

The players

Cryptex Finance

This organization develops decentralized financial protocols and is the issuer of the proposed ETF.

Nasdaq

This is the American stock exchange where the proposed fund is expected to list.

The details

The latest amendment utilizes index data from a Sept. 8 snapshot that was also featured in previous filings from September. Under the proposed structure, assets that do not qualify as eligible components are restricted to a maximum of 15% of the total fund assets.

Sept. 8, 2026: Index snapshot date used in the filing
Sept. 11, 2026: Date of a previous amendment filing
Sept. 30, 2026: Date of a previous amendment filing
Oct. 23, 2026: Date of the current amendment filing

Market Dynamics

This filing reflects the ongoing process to meet SEC exchange-traded fund registration requirements for digital asset products. The proposal follows a pattern set by other crypto-based investment vehicles seeking approval for listing on major exchanges.

Prospective retail investors should monitor the ticker BAGZ for potential listing updates on Nasdaq. The specific portfolio weightings and asset eligibility rules defined in the filing will dictate the underlying exposure of the fund if it achieves regulatory approval.

The takeaway

Investors should note that the fund is designed to track a multi-asset index, which limits exposure to any single digital asset. Due diligence on the composition of these indices is essential for those looking to gain crypto exposure through traditional brokerage accounts.