The Company That Runs the FTSE 100 Has Just Unveiled a Cryptocurrency Index Series

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Last Updated on November 30, 2022 by Bitfinsider

FTSE Russell, the business that is responsible for the benchmark FTSE 100 stock index that is maintained by the London Stock Exchange, has released a set of measurements for the market for digital assets.

There are a total of eight different gauges that make up the FTSE Global Digital Asset Index Series. These gauges range from big and mid-cap assets all the way down to micro cap.

FTSE Russell announced on Tuesday that the indexes, which were developed in collaboration with Digital Asset Research, will monitor data from hundreds of exchanges in order to “define the investable universe.” The company revealed its intention to launch a cryptocurrency index in December, when it made the announcement that it was developing an index that would encompass 43 different digital currencies.

In recent years, there has been a rise in interest in the cryptocurrency industry, which has spurred the development of instruments to measure the performance of digital assets. Some examples of these instruments include the Bloomberg Galaxy Crypto Indices and the S&P Cryptocurrency Indices.

Take-up of the measures will help reveal if the desire for digital assets has been soured as a result of the drop in the cryptocurrency market over the last year and the instability among firms, notably the bankruptcies of FTX and BlockFi this month.

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