ProShares Launches KRYP, the First CoinDesk 20 Crypto ETF

Feb 04, 2026

ProShares partners with CoinDesk to add KRYP to its expansive suite of crypto funds.

BETHESDA, Md. — ProShares, a premier provider of exchange-traded funds (ETFs), today announced the launch of the ProShares CoinDesk 20 Crypto ETF (KRYP), the first ETF designed to target the performance of the CoinDesk 20 Index, a broad-based benchmark representing 20 of the largest and most liquid cryptocurrencies.

With the launch of KRYP, ProShares brings the CoinDesk 20 Index to the U.S. ETF market for the first time, expanding its suite of crypto funds and offering investors a new way to access exposure to the rapidly evolving crypto asset class.

The CoinDesk 20 Index is market capitalization weighted, subject to caps, and rebalanced quarterly– offering diversified1 exposure to the dynamic crypto market, while limiting concentration in any single cryptocurrency.

"As the cryptocurrency market has matured, investors have increasingly looked beyond single-asset exposure", said ProShares CEO Michael L. Sapir. “KRYP is the only ETF designed to provide diversified exposure to the broader crypto asset class in a single ticker, using a transparent, rules-based approach that limits concentration risk and adapts as market leadership changes over time."

“CoinDesk 20 was built to be a scalable, institutional-grade benchmark for the crypto asset class," said David LaValle, president of CoinDesk Indices and Data. "We're thrilled to partner with ProShares to bring this index to the U.S. ETF market for the first time."

The CoinDesk 20 Index selects from the top 250 digital assets ranked by market cap with additional liquidity and exchange listing requirements, excluding stablecoins, memecoins, privacy tokens, gas tokens, wrapped assets, staked assets and pegged assets.

ProShares is among the largest issuers of crypto funds in the U.S., with 13 ETFs and three ProFunds mutual funds.

KRYP invests in swap agreements and does not directly invest in crypto assets. There is no guarantee that the fund will meet its investment objective. 

About ProShares
ProShares has been at the forefront of the ETF revolution since 2006, offering one of the industry's largest ETF lineups. Together with its mutual fund affiliate, ProFunds, the firm manages more than $95 billion in assets.2 The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

To learn more about the company and career opportunities, visit us on LinkedIn or at ProShares.com

Sources:

1 Diversification does not ensure a profit or guarantee against a loss.
2 As of 12/31/25

Media Contact:
Steve Schaefer

(212) 207-9456

Steve@hewescomm.com

Investor Contact:
ProShares

(866) 776-5125

info@proshares.com
Media Contact:
Steve Schaefer

(212) 207-9456

Steve@hewescomm.com

Investor Contact:
ProShares

(866) 776-5125

info@proshares.com

Investing involves risk, including the possible loss of principal. There is no guarantee that any ProShares ETF will achieve its investment objective. 

This ETF invests in swap agreements and does not invest directly in crypto assets. Investors seeking exposure to crypto assets directly should consider an investment other than this ETF. Crypto assets are a relatively new asset class and the market for crypto assets is subject to rapid changes and uncertainty. Crypto assets are subject to unique and substantial risks, such as rapid price swings and lack of liquidity, including as a result of changes in their supply and demand, statements by influencers and the media, and other factors. Crypto assets are largely unregulated and may be more susceptible to fraud and manipulation than more regulated investments. The value of an investment in the ETF could decline significantly and without warning, including to zero. This ETF may not be suitable for all investors. 

This ProShares ETF is a non-diversified investment company and entails certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), counterparty risk, imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. While the ETF’s index has 20 constituents, it may be heavily weighted in just a few crypto assets (e.g., Bitcoin, Ether, Binance Coin, Solana, XRP). As a result, their performance will have a much greater influence on the ETF’s performance than the remaining crypto assets in the index. The composition of the index can change significantly over time and many or all of the constituents may be replaced at each quarterly reconstitution. Smaller crypto assets tend to carry higher risks, including greater volatility and increased vulnerability to fraud or manipulation. This ETF is new and may have a limited number of market makers. There can be no assurance the fund will be successful or that an active market for its shares will develop. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns. 

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in the ETF’s summary and full prospectuses. Read them carefully before investing. Obtain them from your financial professional or visit ProShares.com. 

CoinDesk and CoinDesk 20 are registered trademarks of CoinDesk Indices, Inc., licensed for use by ProShares. CoinDesk Indices, Inc. does not make any representation as to the legality or suitability of ProShares, and does not sponsor, endorse, sell, or promote them. CoinDesk Indices, Inc and its affiliates make no warranties and bear no liability with respect to ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. 

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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