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

Core Viewpoint - ProShares has launched the first U.S.-listed ETF targeting the CoinDesk 20 Index, providing investors with a new option for broad exposure to the cryptocurrency market [1][2]. Group 1: ETF Overview - The CoinDesk 20 Crypto ETF (KRYP) is designed to track the performance of the 20 largest and most liquid digital assets [1]. - The index is market-capitalization weighted, with caps in place, and is rebalanced quarterly to ensure diversified exposure while limiting concentration in any single cryptocurrency [2]. Group 2: Selection Criteria - The CoinDesk 20 Index selects assets from the top 250 by market cap, applying liquidity and exchange-listing requirements, while excluding stablecoins, memecoins, privacy tokens, and various wrapped or pegged assets [3]. - ProShares currently offers a comprehensive suite of crypto-linked funds in the U.S., including 13 ETFs and additional mutual fund products [3].