FTSE Russell Expands Indexing to Include Digital Assets and Crypto Data
FTSE Russell plans to expand its indexing services to include digital assets and on-chain data, responding to increased demand for cryptocurrency insights from institutional investors. Key details include:
- The initiative aims to enhance service for institutional clients.
- FTSE Russell partnered with blockchain data provider SonarX to develop fundamentally weighted crypto indexes.
- These indexes will use fundamental factors for composition, offering deeper insights compared to traditional market-cap-based indexes.
- Institutional adoption of crypto is rising, evidenced by over $120 billion in assets under management in spot Bitcoin ETFs since their launch.
- FTSE Russell's move reflects a broader trend in traditional finance embracing cryptocurrencies.
This expansion aligns with FTSE Russell’s commitment to meet the evolving needs of institutional investors in the growing crypto landscape.