Summary
HashKey Capital has partnered with index management firm FTSE Russell to create three indexes that track the performance of various crypto assets. The indexes aim to offer investors exposure to crypto beyond the major assets and align with different investment strategies. One index tracks the top 20 crypto assets by market capitalization, another focuses on assets related to the ecosystem’s infrastructure layer, and a third benchmark targets crypto assets with application functionalities. The launch of these indexes follows the approval of spot bitcoin ETFs by the Securities and Exchange Commission (SEC) in the US. HashKey Capital’s managing director noted a surge in demand from investors seeking to diversify their portfolios beyond established cryptocurrencies. FTSE Russell previously partnered with Grayscale Investments to create indexes focusing on different crypto sectors. HashKey Capital’s parent company, HashKey Group, recently raised $100 million in a Series A funding round to accelerate product diversification and global development.
Key Points
1. HashKey Capital has collaborated with FTSE Russell to create three indexes that track the performance of various crypto assets, allowing investors to have exposure beyond the major assets in the industry.
2. The indexes cover different segments and market capitalizations within the crypto industry, catering to more nuanced investment strategies. One index focuses on the top 20 crypto assets by market capitalization, while another targets assets related to the ecosystem’s infrastructure layer. The third benchmark concentrates on crypto assets with application functionalities.
3. The launch of these indexes follows the approval of spot bitcoin ETFs by the Securities and Exchange Commission (SEC) in the US. HashKey Capital’s managing director, Deng Chao, highlighted the growing demand from investors who want to diversify their portfolios beyond established cryptocurrencies.