PANews reported on February 4th that ProShares has launched its first US ETF tracking the CoinDesk 20 Index – the “CoinDesk 20 Crypto ETF” (ticker symbol KRYP). The fund aims to provide investors with diversified exposure to the 20 largest and most liquid cryptocurrencies in a single investment. The index is market capitalization weighted with a weight cap and is rebalanced quarterly to limit concentration risk associated with any single cryptocurrency. The CoinDesk 20 Index selects from the top 250 crypto assets by market capitalization, applying liquidity and exchange listing requirements, and excluding stablecoins, memecoins, privacy coins, and various wrapped or pegged assets.