GMCI introduces GMCI 30: A Benchmark Index for Large-Cap Cryptocurrencies
GMCI, a leading information services brand in the digital asset space, has launched the GMCI 30 index. This benchmark index tracks the price performance of the top 30 cryptocurrencies, providing a valuable tool for evaluating investment returns and market performance.
A Comprehensive Index Methodology
The GMCI 30 is a flagship index that represents the top 30 crypto assets by market capitalization. The weighting of each asset is capped at a maximum of 25% of the index’s total value. To be included in the index, assets must meet specific criteria, including listing on selected centralized exchanges and having comprehensive market capitalization data available.
The Block’s Role in the Launch
The Block’s research team played a crucial role in the successful launch of the GMCI 30 index. They developed a token classification taxonomy, conducted diligence on trusted crypto-specific data sources, and devised calculation methodologies that blend cryptocurrency market insights with traditional analysis.
Expanding Index Offerings
GMCI plans to extend its index offerings beyond the GMCI 30. Sector-specific indices for digital assets will be introduced, supporting a wide range of financial products and investment strategies.
Filling the Gap in Crypto Asset Indexes
The launch of GMCI addresses the need for a universally accepted crypto asset index. As interest in crypto-tied financial products grows, GMCI aims to provide transparent indices governed by strict standards and compliance with BMR regulations.
Creating Financial Products Based on Indices
GMCI’s strategy includes enabling the creation of financial products based on its indices. Wintermute will provide liquidity support, and The Block will facilitate tracking through a dedicated website.
About The Block
The Block is a leading information services brand in the digital asset space, offering expertise in research, news, and data. Their objective and nuanced insight into the intersection of the digital asset industry with technology, government, and financial markets is unmatched.
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