So they want to make an ETF, which is not exactly an ETF?  To be honest I dont really see the great value in this UNLESS as you say they add additional coins to this "index fund". I have to dig a little in order to understand what he meant.

This is obviously a try to get into the asset management area - good for crypro! Now they only need a big name to be in charge of this fund or a strategic partnership to seal the deal.