FTSE Russell of the London Stock Exchange announces indices for crypto
Indices have been used to track some particular areas of the stock market throughout its history
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According to a press release on its website on November 29, the creator of the London Stock Exchange's benchmark FTSE100 stock index, FTSE Russell, has released a series of indices in cooperation with Digital Asset Research, the constituents of which are digital assets.
Joining the list of crypto indices released by companies from other countries such as the U.S. and Germany, including the S&P Cryptocurrency Index Series, the Nasdaq Crypto Index, and the CMC Crypto 200 Index series by Soloactive, the FTSE Digital Asset Index is the first issued by a company based in the U.K.
The series includes performance data in a fact sheet for each index for the first three quarters of this year, but the specific constituent coins of each index have not been made public. FTSE plans to roll out the crypto index in December this year and has announced that it will be covering 43 digital assets.
While there were very few till 2021 when it comes to crypto, indices have been used to track some particular areas of the stock market throughout its history.
A total of eight indices are part of this new series, including four indices that combine coins of more than one market cap size, as well as one each for micro-cap coins, small-cap coins, mid-cap coins, and large-cap coins.
