What You Need to Know
- The FTSE Digital Asset Index Series provides a mechanism to evaluate digital asset investments and their prices.
- The series includes indexes on three crypto assets: Bitcoin, Ethereum and Cardano.
- They were developed with Digital Asset Research, a data and research platform.
Crypto assets have yet to move into the mainstream, but they are increasingly involving traditional financial firms. Among the latest examples, FTSE Russell, which has introduced three new digital asset indexes — for Bitcoin, Ethereum and Cardano, a newer and much cheaper digital asset. It trades at about $2, compared with Bitcoin, above $60,000 and Ethereum, above $4,000.
FTSE Russell worked with Digital Asset Research (DAR), a data and research platform, to develop the indexes.
“The FTSE Digital Asset Index Series is designed to provide market participants a mechanism to evaluate digital asset investments and prices,” according to FTSE Russell. The firm says it developed the indexes “in response to investor demand for benchmarks that accurately and methodically capture the performance of digital assets and allow for a more seamless integration into traditional portfolio analysis and processes.”