ProShares Unveils New Crypto ETF Proposal for Broad Exposure

ProShares has taken a significant step toward bringing crypto assets to a wider audience by filing for an exchange-traded fund (ETF) that mirrors the performance of the CoinDesk 20 Index. This index, which comprises the top 20 cryptocurrencies by market cap and liquidity, is set to give investors regulated access to a diversified portfolio of digital assets including Bitcoin, Ethereum, XRP, Solana, Cardano, and Avalanche. The fund excludes stablecoins and memecoins, focusing on large, actively traded cryptocurrencies that reflect broader market momentum.