Grayscale Investments has just closed a deal with a subsidiary of London Stock Exchange FTSE Russell to launch indexes that track crypto dynamics by group.
A new division, Crypto Sector Index Series, has reportedly been created as part of the initiative.
The indexes will be compiled for major digital assets, divided into several areas, including cryptocurrencies for storing value, exchanging or making payments, smart contract projects, financial services tokens, art, gaming and media assets as well as traditional market-oriented platforms.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
The indexes cover more than 150 protocols and will be calculated on a quarterly basis in order to "reflect the dynamic nature of the crypto asset class."
Michael Sonnenshein, CEO of the company, has said:
"Investors have increasingly expressed interest in diversifying beyond crypto's largest assets - Bitcoin and Ethereum."