FTSE Russell, the global trading subsidiary of the London Stock Exchange, is developing an index of cryptocurrencies to “side” stocks.
Kristen Mierzwa, Head of ETF Strategy and Business Development at FTSE Russell “The ultimate goal is to have EU and UK compliant indexes right next to the FTSE 100 and Russel 2000” said.
Mierzwa plans to expand on the digital currency index, which was launched in October and currently provides data on three of the most well-known crypto projects: Bitcoin (BTC), Ethereum (ETH), and Cardona (ADA). Mierzwa:
There are 43 digital assets currently under review.
said.
It also confirmed that dozens more projects will be added to the FTSE’s digital asset index in 2022. Mierzwa as the justification for the new project “This is clearly becoming a market where people are demanding data” presented his statements.
Mierzwa confirmed that stablecoins and even meme coins could be added to the index, while saying that the FTSE’s digital asset index coins will go through a rigorous review process aimed at scanning the majority of the approximately 11,000 known digital assets.
FTSE Russell stated that they will also offer blended products that reduce risk by pairing crypto assets with less volatile assets such as gold, and predicted that the crypto industry will have a global market capitalization of over $3 trillion by 2025.