FTSE100 creator launches indices for crypto
The constituent parts that make up the indices have not yet been released, but they include performance data for the first three quarters of 2022 .< /p>
New
FTSE Russell, creator of the FTSE100 stock market index, has released a series of indices whose constituents are digital assets, according to a press release posted on its website on November 29. The series was produced in cooperation with Digital Asset Research. . FTSE Russell is a subsidiary of the London Stock Exchange.
The 2022 performance of the FTSE Digital Asset Index - Large/Mid, as shown in the Index Fact SheetIndexes have been used in the stock market throughout its history to follow specific sectors of the market. But there were relatively few cryptocurrencies before 2021.
The FTSE Digital Asset Index series appears to be the first issued by a UK-based company. It joins the list of crypto indices that have been published by US and German companies since early 2021, including the S&P Cryptocurrency Index series, Nasdaq Crypto Index and Soloactive's CMC Crypto 200 Index series.
The new series contains eight indices in total, including one for large-cap, mid-cap, small-cap, and micro-cap coins, as well as four indices that combine coins from multiple market cap sizes. The company has not yet released a list of the constituents of each index, but it has released a factsheet for each showing performance data from Q1 to Q3 2022.
In the press release, Arne Staal, CEO of FTSE Russell, argued that the new indices will help bring transparency to the crypto market, saying:
"FTSE Russell has taken a measured approach to this frontier investment space and has put in place a rigorous and transparent framework, underpinned by strong governance and comprehensive data to meet the needs of investors, both where they currently find themselves and as they prepare for change in this market."
According to the company's website, the new indices use a standardized set of 21 criteria to determine which institutions can be counted...
The constituent parts that make up the indices have not yet been released, but they include performance data for the first three quarters of 2022 .< /p>
New
FTSE Russell, creator of the FTSE100 stock market index, has released a series of indices whose constituents are digital assets, according to a press release posted on its website on November 29. The series was produced in cooperation with Digital Asset Research. . FTSE Russell is a subsidiary of the London Stock Exchange.
The 2022 performance of the FTSE Digital Asset Index - Large/Mid, as shown in the Index Fact SheetIndexes have been used in the stock market throughout its history to follow specific sectors of the market. But there were relatively few cryptocurrencies before 2021.
The FTSE Digital Asset Index series appears to be the first issued by a UK-based company. It joins the list of crypto indices that have been published by US and German companies since early 2021, including the S&P Cryptocurrency Index series, Nasdaq Crypto Index and Soloactive's CMC Crypto 200 Index series.
The new series contains eight indices in total, including one for large-cap, mid-cap, small-cap, and micro-cap coins, as well as four indices that combine coins from multiple market cap sizes. The company has not yet released a list of the constituents of each index, but it has released a factsheet for each showing performance data from Q1 to Q3 2022.
In the press release, Arne Staal, CEO of FTSE Russell, argued that the new indices will help bring transparency to the crypto market, saying:
"FTSE Russell has taken a measured approach to this frontier investment space and has put in place a rigorous and transparent framework, underpinned by strong governance and comprehensive data to meet the needs of investors, both where they currently find themselves and as they prepare for change in this market."
According to the company's website, the new indices use a standardized set of 21 criteria to determine which institutions can be counted...
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