[DigitalToday reporter Chi-gyu Hwang] ProShares has unveiled the first U.S. cryptocurrency ETF tracking the CoinDesk 20 index.
According to a recent CoinDesk report, the ETF is based on the top 20 digital assets by market capitalisation. It is rebalanced quarterly to reduce concentration in specific cryptocurrencies and provide diversified investment exposure.
ProShares Chief Executive Michael Sapir (마이클 사피어) said, "As the cryptocurrency market matures, investors want a portfolio approach beyond a single asset." He added, "This ETF provides an opportunity to access the overall market with a single ticker."
The CoinDesk 20 index selects assets that meet liquidity and exchange-listing requirements from the top 250 assets by market capitalisation, and excludes stablecoins, memecoins and privacy tokens. ProShares is already operating 13 cryptocurrency ETFs.
Chi-gyu Hwang
delight@d-today.co.kr