PANews reported on October 22nd that according to Cryptopolitan, asset management company ProShares announced that it will launch a new cryptocurrency ETF tracking the CoinDesk 20 Index and has submitted an application to the U.S. Securities and Exchange Commission (SEC) for approval. The new fund may be named ProShares CoinDesk Crypto 20 ETF and will allow investors to invest in major cryptocurrencies such as Solana, Ethereum, XRP, and Bitcoin. The documents submitted to the SEC emphasized that the ETF is designed to reflect the performance of the CoinDesk 20 Index and does not include fees and other expenses. The index does not include wrapped tokens, meme coins, or stablecoins, but instead focuses on cryptocurrencies with large market capitalization and strong liquidity. In addition, the fund plans to establish a subsidiary in the Cayman Islands to manage some derivatives contracts and ensure that these contracts do not exceed 25% of total assets. If approved, it will become one of the first diversified cryptocurrency ETFs in the United States.