ProShares launches the first "One-Click Buy Top 20 Crypto Assets" ETF in the United States

GateNews

2026-02-04 13:34:56

BlockBeats News, February 4th, asset management firm ProShares announced the launch of the KRYP ETF, which is the first cryptocurrency ETF in the United States to track the CoinDesk 20 Index, providing investors with exposure to a basket of the 20 largest and most liquid cryptocurrencies by market capitalization.

The index is market-cap weighted with a cap on individual weights, rebalanced quarterly to reduce the risk of concentration in a single asset. The CoinDesk 20 selects from the top 250 cryptocurrencies by market cap, excluding stablecoins, meme coins, privacy coins, and various pegged or wrapped assets.

ProShares stated that as the crypto market matures, investors are shifting from single assets to broader allocations. KRYP aims to offer a diversified crypto market investment channel through a single ticker.

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