ProShares Introduced the First U.S. ETF: 20 Cryptocurrencies Together

ProShares Announces KRYP ETF

ProShares has introduced KRYP, the first exchange-traded fund (ETF) designed to track the CoinDesk 20 Index. This fund provides diversified exposure to the 20 largest and most liquid cryptocurrencies.

The index has a rules-based structure. Additionally, quarterly rebalancing is performed to reduce concentration, and caps are applied.