ProShares has officially submitted paperwork to the U.S. Securities and Exchange Commission for a cryptocurrency ETF that tracks the CoinDesk 20 Index. This ETF will emphasize prominent cryptocurrencies including Bitcoin, Ethereum, XRP, and Solana.
The ETF aims to reflect the CoinDesk 20 Index’s performance without incorporating fees while excluding wrapped tokens, meme coins, and stablecoins, focusing instead on cryptocurrencies with substantial market capitalization. A subsidiary in the Cayman Islands will handle derivatives management within limits.
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