ProShares unveils first U.S. ETF that lets you buy the top 20 cryptos at once
Analysis
Price Impact
HighThe launch of kryp, the first u.s. etf tracking the coindesk 20 index, significantly broadens access for traditional investors to a diversified portfolio of major cryptocurrencies. this new vehicle lowers the barrier to entry for both retail and institutional capital, potentially driving increased liquidity and demand across the top digital assets.
Trustworthiness
HighThe news comes from coindesk, a reputable crypto news source, reporting on a product from proshares, a well-established etf provider with a strong track record in crypto-linked funds.
Price Direction
BullishBy offering a simple, regulated way to invest in a basket of the largest and most liquid cryptocurrencies, kryp is likely to attract new capital into the crypto market. this increased accessibility and demand are fundamentally bullish for the underlying assets included in the coindesk 20 index.
Time Effect
LongEtfs typically attract capital over an extended period as investors gradually allocate funds. while there might be an initial surge, the long-term effect will be sustained as kryp becomes a standard investment option, continuously drawing new money into the crypto ecosystem.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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 By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . 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 20 ETFs ProShares 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 .