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Grayscale Introduces FTSE Grayscale Cryptocurrency Sector Index Series


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Grayscale Launches New FTSE Grayscale Cryptocurrency Sector Index Series

In an exciting announcement on October 24, Grayscale introduced its new FTSE Grayscale cryptocurrency sector index series. This series includes five indices and aims to offer comprehensive representation of Grayscale’s crypto sectors in the investable cryptocurrency market.

Monitor Performance in Five Categories

The newly launched FTSE-Grayscale indices are designed to track the performance of crypto assets across five distinct categories: currencies, smart contract platforms, financials, consumers, culture, utilities, and services. These indices will provide valuable insights into the performance of different sectors within the cryptocurrency market.

Partnership with FTSE Russell

Grayscale also announced its partnership with FTSE Russell, a well-known provider of stock market indices. This collaboration will enable the creation of the FTSE Grayscale Crypto Sector Index Series, which captures the investable cryptocurrency market in Grayscale’s cryptocurrency sectors.

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The post further explains that the indices will encompass more than 150 protocols and undergo quarterly re-evaluation to adapt to the ever-evolving nature of the crypto asset class.

“Investors have increasingly expressed interest in diversifying beyond the largest crypto assets, such as Bitcoin and Ethereum, and many are looking to Grayscale to better understand this powerful and evolving asset class,” said Grayscale CEO Michael Sonnenshein.

Active Pursuit of the Crypto Industry

Grayscale has been actively expanding its presence in the cryptocurrency space, particularly with its Bitcoin exchange-traded fund (ETF) efforts. On October 19, the company filed a new registration statement with the US Securities and Exchange Commission, aiming to transform the Grayscale Bitcoin Trust into a standard Bitcoin ETF.

This recent release is just the beginning for Grayscale. The company plans to develop additional tools and structures that will allow investors to monitor asset class-specific themes, risks, and opportunities. These efforts aim to provide a solid foundation for more informed investing in the crypto industry.

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