ProShares introduces first U.S. ETF that lets you buy the top 20 cryptos at once

ProShares has launched KRYP, the first U.S.-listed exchange-traded fund (ETF) designed to track the performance of the CoinDesk 20 Index. This ETF provides investors with exposure to the 20 largest and most liquid cryptocurrencies, offering a way to access the broader digital asset class through a single ticker. The index is market-capitalization weighted, subject to caps, and rebalanced quarterly to ensure diversified exposure while limiting concentration risk in any single cryptocurrency. The selection process for the CoinDesk 20 filters assets from the top 250 by market cap, applying strict liquidity and exchange-listing requirements, while explicitly excluding stablecoins, memecoins, privacy tokens, and wrapped or pegged assets. ProShares CEO Michael Sapir noted that as the crypto market matures, investors seek exposure beyond single assets. ProShares already manages a significant suite of 13 crypto-linked ETFs and other mutual fund products in the U.S.

(Source：CoinDesk)