HashKey Capital and FTSE Russell Introduce Crypto Indices
Crypto fund manager HashKey Capital and FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), have collaborated to develop a suite of indices that track cryptocurrencies. These indices, which were unveiled on January 24, provide traders with the ability to monitor baskets of digital assets aligned with different investment strategies. The first index, the FTSE Custom Digital Asset Top 20 Index, tracks the top 20 crypto assets based on market capitalization. The second index, the FTSE Custom Digital Asset Infrastructure Index, focuses on digital assets that form the infrastructure layer of the crypto ecosystem. Lastly, the FTSE Custom Digital Asset Application Index tracks digital assets associated with application functionalities across the digital asset ecosystem. The indices will be available on the FTSE Russell website starting January 24 and will potentially be accessible through other data providers in the future.
Hot Take: HashKey Capital and FTSE Russell Revolutionize Crypto Tracking
HashKey Capital and FTSE Russell have made a significant contribution to the crypto industry by launching these indices. Traders now have access to comprehensive data and insights into various segments of the cryptocurrency market. This development not only enhances transparency but also facilitates informed decision-making for investors. With plans for future availability through prominent data providers, these indices are poised to become widely used tools for tracking and analyzing digital assets. The collaboration between HashKey Capital and FTSE Russell showcases their commitment to driving innovation in the crypto space and further legitimizes cryptocurrencies as an asset class worth monitoring. As crypto continues to gain mainstream acceptance, initiatives like this will play a crucial role in shaping its future trajectory.
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