Cryptocurrency management company Grayscale Investments is starting to work on cryptocurrency indices together with London-based FTSE Russell.
According to the announcement made today, Grayscale Investments will cooperate with FTSE Russell, which is affiliated with the London Stock Exchange.
Two names for investors interested in the cryptocurrency market Crypto Sector Index Series will develop a product called. In this product, the values of crypto currency baskets separated according to different usage areas will be monitored.
These baskets will include store of value tools such as Bitcoin, smart contract projects such as Ethereum and Solana, financial service-based tokens such as Uniswap and Compound, NFT projects related to fields such as art / gaming, and projects with practical use such as ChainLink and Filecoin.
According to the statements made by Grayscale’s ETF director Inkoo Kang, the square root of the market value of each cryptocurrency will be taken in order to give weight to the cryptocurrencies in the same basket.