Indices have been used in the stock market for centuries to track specific areas of the market. Prior to 2021, however, there were relatively few made up of cryptocurrencies.
The FTSE Russell‘s indices were created in collaboration with Digital Asset Research. The company is a subsidiary of the London Stock Exchange.
The series includes eight indices in all, one for each of the four market cap levels: big cap, mid cap, small cap, and micro-cap coins, as well as four indexes that include coins from different market cap sizes.
The new indexes, according to the company’s website, rely on a defined set of 21 criteria to identify which institutions can be relied on to provide reliable price data.
The rise in interest in the crypto industry in recent years has prompted the creation of instruments to track the performance of digital assets, such as Bloomberg Galaxy Crypto Indices, S&P Cryptocurrency Indices, the Nasdaq Crypto Index, and Soloactive’s CMC Crypto 200 Index series.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Mocaverse is an NFT project funded and developed by the investment fund Animoca Brands. It…
Pantera Capital TON investment signals confidence in TON's scalability and ecosystem growth amid a bullish…
Jack Dorsey's Block initiates monthly Bitcoin investments to expand its holdings in 2024.
The EigenLayer airdrop plan includes distributing 110 EIGEN tokens minimum, with transferability post-September 30, 2024.
Crashino stands distinguished, not only for its cutting-edge platform but also for its groundbreaking acceptance…
Coinbase SEC lawsuit is still ongoing while the exchange remains confident, citing recent court developments.
This website uses cookies.