The firm operating the Financial Times Stock Exchange is planning to launch a crypto index that will operate along with other benchmark equities.
- FTSE Russell Head of ETF Strategy and Business Development Kristen Mierzwa said the end goal is to have compliant indices in the European Union and the United Kingdom, which operate along with the FTSE 100 and Russell 2000.
- Mierzwa announced plans to expand the digital asset series launched in October. Aside from Bitcoin, Ethereum, and Cardano, Mierzwa said some 43 assets are now under the vetting process.
- Mierzwa noted that the market was “clearly” becoming one that investors wanted data around as a rationale for the expansion, as more institutions are diving into the crypto space.
- The official noted that the FTSE’s digital asset index would undergo a meticulous vetting process that targets to filter out most of an estimated 11,000 known digital assets.
Mierzwa said stablecoins and meme coins could possibly be added to the index.
BTC is up 0.34%, ETH down 0.63%, and ADA down 0.95%.