ProShares adds crypto-focused fund tracking CoinDesk 20 index
The crypto assets in the CoinDesk 20 index are weighted based on market capitalisation, subject to a 30% cap on the largest constituent and a 20% cap on all others at each weight assignment.
Maryland-headquartered ProShares has further diversified its portfolio lineup with the launch of the CoinDesk 20 Crypto ETF (KRYP). The fund is rebalanced quarterly to capture emerging crypto leaders The exchange-traded fund (ETF) offers a diversified exposure to 20 of the largest cryptocurrencies with a single ticker and seeks investment results that track the performance of the CoinDesk 20 Index. CoinDesk 20 is a broad-based index designed to measure the performance of the 20 largest and
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