- Crypto indices has been launched by WisdomTree in the US and Europe
- WisdomTree established the four indices in collaboration with Ritholtz Wealth Management, Gemini crypto assets exchange, and OnRamp
- Latest launched indices will offer direct exposure to large cap crypto assets, decentralized finance (DeFi), and many more
Crypto market has gained mainstream attention in the traditional world of finance. Several new innovations have continued to emerge with numerous financial instruments related to digital assets. Recently it has been announced that WisdomTree, a financial institution that has more than $76 billion in assets under management (AUM) has established four digital currency indices in the United States and Europe. According to the official announcement the indices have been introduced to offer a diversification in portfolio so investors in the region could gain exposure.
Indices with direct exposure to large-cap crypto
WisdomTree’s latest launched indices will offer direct exposure to large cap digital assets, decentralized finance (DeFi), and many more. Notably, the assets manager has established the indices in collaboration with Ritholtz Wealth Management, Gemini digital assets exchange, and OnRamp.
In the United States, the firms have launched the RWM WisdomTree Crypto Index. In contrast, in Europe, the asset manager has introduced the other three indices. Notably, these indices include the WisdomTree Crypto Mega Cap Equal Weight (MEGA), WisdomTree Crypto Market (BLOC), and WisdomTree Crypto Altcoins (WALT) indices.
On what the indices will focus on?
According to the official launch, the crypto index that have been launched in the United States will focus on cryptocurrencies, Layer-1 networks, Layer-2 protocols, oracle networks, and the hot DeFi protocols among others. However, the index will have some heavy emphasis on large-cap crypto assets with 64% of the fund’s assets going to that category.
On the other hand, the WisdomTree Crypto Mega Cap Equal Weight index will act as an equal weight index for large-cap cryptocurrency assets. Such assets include Bitcoin and Ethereum. And the WisdomTree Crypto Market will track the performance of the top 70% of the digital assets in terms of market capitalization.
And the last WisdomTree Crypto Altcoins index is an another equallyweighted index that seeks to track the performance of altcoins and thus it will not hold either BTC or ETH.
WisdomTree will continue investing in its platform
Following the launch of the four cryptocurrency indices, Alexis Marinof, the head of the European operations at WisdomTree issued some statement regarding their developments. According to Marinof, as the interest in digital currencies remains high and becomes a bigger focus for investors, WisdomTree will continue investing in its platform and capabilities to support investors in the rapid-moving market.