FTSE Russell, creator of the FTSE100 stock index, release A series of indices whose constituents are digital assets, according to a press release released on the website on November 29. This series was created in collaboration with Digital Asset Research. FTSE Russell is a subsidiary of the London Stock Exchange.
Indices have been used in the stock market throughout its history to track specific areas of the market. Prior to 2021, however, relatively few were made up of virtual currencies.
The FTSE Digital Asset Index Series appears to be the first to be issued by a UK-based company in the S&P Cryptocurrency Index Series, a list of crypto indices released by US and German companies from early 2021, including the Nasdaq Crypto Index. , and the CMC Crypto 200 Index Series by Soloactive.
The new series includes a total of eight indices, including one for each large-cap, mid-cap, small-cap, and micro-cap coin, and four indices that combine multiple market cap size coins. . The company has not yet published the list of constituents for each index, but has published fact sheets for each index showing performance data for Q1-Q3 2022.
In a press release, FTSE Russell CEO Arne Staal claimed the new index would help bring transparency to the crypto market, stating:
“FTSE Russell has taken a cautious approach to this frontier investment space, backed by robust governance and comprehensive data to meet the needs of investors prepared for the current conditions and changes in this market. We have built a rigid and transparent framework that
According to the company’s website, the new index will rely on a standardized set of 21 criteria to determine which institutions can be trusted to certify accurate price data. Once the set of institutions has been determined, price data from these institutions is used to determine which coins are included in each index and to determine the index’s overall performance.
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