ProShares Launches First U.S. ETF for Top 20 Cryptocurrencies

KuCoinFlash

Release Time: 02/04/2026 13:47:58

Summary

ProShares has launched the KRYP ETF, the first U.S. ETF event of its kind, tracking the CoinDesk 20 index. The fund provides exposure to the 20 largest and most liquid cryptocurrencies by market cap. The index is market-cap weighted with caps on individual assets and is rebalanced quarterly. It excludes stablecoins, meme coins, and privacy coins from the top 250. ProShares said the KRYP ETF aligns with growing demand for top altcoin news and broader crypto diversification.

BlockBeats news, on February 4, asset management company ProShares announced the launch of the KRYP ETF, the first ETF in the United States that tracks the CoinDesk 20 index, providing investors with a basket exposure to the 20 largest and most liquid cryptocurrencies by market capitalization.

The index uses market capitalization weighting with weight limits and is rebalanced quarterly to reduce the risk of concentration in a single asset. CoinDesk 20 screens from the top 250 cryptocurrencies by market capitalization, excluding stablecoins, meme coins, privacy coins, and various pegged/wrapped assets.

ProShares said that as the crypto market matures, investors are moving from single-asset exposure to broader allocations. KRYP aims to provide a diversified crypto market investment vehicle through a single ticker.

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