ProShares Launches KRYP, First U.S. ETF Tracking CoinDesk 20 Index

ProShares launched KRYP on Feb. 4, the first U.S. ETF tracking the CoinDesk 20 Index and offering exposure to the 20 largest tokens, BlockBeats reports. The cap-weighted index rebalances quarterly and excludes stablecoins, memecoins, privacy coins and pegged or wrapped assets from a top-250 universe.