ProShares Introduces First US ETF Tracking CoinDesk 20 Index

ProShares has unveiled KRYP, marking the debut of the first U.S. ETF that follows the CoinDesk 20 index. According to NS3.AI, this ETF offers investors access to the 20 largest and most liquid cryptocurrencies. The CoinDesk 20 index is weighted by market capitalization, undergoes quarterly rebalancing, and mitigates concentration risks by capping exposure to individual coins. ProShares' initiative aims to provide a streamlined and diversified approach to cryptocurrency investing, responding to the increasing demand for multi-asset exposure.