ProShares CoinDesk 20 Crypto ETF (KRYP)

The ProShares CoinDesk 20 Crypto ETF is designed to give investors exchange-traded exposure to a diversified basket of digital assets based on the CoinDesk 20 Index, which tracks major cryptocurrencies such as bitcoin, ether and other widely traded tokens.

Instead of following a single coin, the fund aims to reflect a broader slice of the crypto market as measured by that benchmark. The fund is sponsored by ProShares, a U.S. issuer best known for leveraged, inverse and crypto-linked ETFs, and lists on NYSE Arca under the ticker KRYP. The precise structure it uses to obtain exposure, whether through direct holdings, futures or other instruments, is described in its prospectus.