Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail ProShares unveils first U.S. ETF that lets y Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail ProShares unveils first U.S. ETF that lets y

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

2026/02/04 21:30
2 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

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

ProShares has listed KRYP, the first U.S. ETF designed to track the CoinDesk 20 Index, giving investors exposure to the largest and most liquid cryptocurrencies.

By Jamie Crawley, AI Boost|Edited by Sheldon Reback
Feb 4, 2026, 1:30 p.m.
Make us preferred on Google
ProShares has introduced KRYP, the first U.S.-listed ETF designed to target the performance of the CoinDesk 20 Index (Markus Winkler/Pixabay, modified by CoinDesk)

What to know:

  • ProShares unveiled KRYP, the first ETF designed to track the CoinDesk 20 Index.
  • The fund offers diversified exposure to 20 of the largest and most liquid cryptocurrencies.
  • The index is rules-based, capped and rebalanced quarterly to limit concentration risk.

ProShares unveiled the first U.S.-listed exchange-traded fund (ETF) designed to target the performance of the CoinDesk 20 Index, expanding options for investors seeking broad exposure to crypto markets.

The CoinDesk 20 Crypto ETF (KRYP) is the first ETF tied to the benchmark of 20 of the largest and most liquid digital assets, ProShares said in a Wednesday email.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

The index is market-capitalization weighted, subject to caps, and rebalanced quarterly, aiming to provide diversified exposure while limiting concentration in any single cryptocurrency.

“As the cryptocurrency market has matured, investors have increasingly looked beyond single-asset exposure,” CEO Michael Sapir said in a statement, describing KRYP as a way to access the broader asset class through one ticker.

The CoinDesk 20 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.

ProShares already offers one of the largest suites of crypto-linked funds in the U.S., with 13 ETFs and additional mutual fund products.

CoinDesk 20ETFsProShares
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Market Opportunity
Union Logo
Union Price(U)
$0.001593
$0.001593$0.001593
+2.64%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

RFK Jr. may have perjured himself with key vaccines claim: newly revealed emails

RFK Jr. may have perjured himself with key vaccines claim: newly revealed emails

Robert F. Kennedy Jr. may have perjured himself during his Senate confirmation hearings to become secretary of Health and Human Services.The 72-year-old Kennedy
Share
Rawstory2026/02/06 21:55
ai.com Launches Autonomous AI Agents to Accelerate the Arrival of AGI

ai.com Launches Autonomous AI Agents to Accelerate the Arrival of AGI

Product to Officially Launch on February 8 Following the ai.com Super Bowl LX Commercial WASHINGTON, Feb. 6, 2026 /PRNewswire/ — ai.com, a new AI platform founded
Share
AI Journal2026/02/06 22:32
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52