Hong Kong-based digital assets manager HashKey Capital has collaborated with benchmarking firm FTSE Russell on the launch of three indexes for tracking digital assets.
According to a statement, the FTSE Custom indexes are designed to help traders track a basket of digital assets rather than a single digital asset.
The trio of indexes, which track assets by market capitalisation, infrastructure and application respectively, can be accessed through the FTSE Russell website.
For example, the FTSE Custom Digital Asset Top 20 index tracks the top 20 digital assets based on market cap, a criteria that accounts for 90% of the overall value of the digital assets market, according to HashKey Capital and FTSE Russell.
The plan is to eventually make the indexes available through various data providers such as Bloomberg, FactSet, LSEG Data & Analytics, Morningstar and S&P Capital IQ.
The launch of the indexes is the first product release from HashKey Capital since its parent company gained unicorn status after being valued at more than US$1 billion. HashKey Capital managing director Deng Chao, said the launch caters to “a significant surge in demand from investors who want to diversify their portfolios beyond the established cryptocurrencies”.
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