Grayscale and FTSE Russell to Launch Crypto Indices

Grayscale Investments has partnered with FTSE
Russell to unveil five crypto sector indices. This step followed a recent
federal appeals court ruling that reignited hopes for the approval of
Grayscale’s spot Bitcoin exchange-traded fund (ETF), initially
rejected by the US Securities and Exchange Commission (SEC).

Dubbed the FTSE-Grayscale indices, the suite of crypto indices tracks the performance of crypto assets across five
distinct categories: currencies, smart contract platforms, financials, consumer
and culture, and utilities and services, according to a report by Reuters.

This diversification move addresses the growing
demand by investors to explore beyond the most prominent cryptocurrencies, such
as Bitcoin and Ethereum. Grayscale’s CEO, Michael Sonnenshein, said that
investors have increasingly sought ways to diversify their portfolios within
the cryptocurrency market.

In conjunction, we are introducing a new partnership with @FTSERussell and debuting the FTSE Grayscale Crypto Sector Index Series (“Crypto Sector Indices”), a set of 5 distinct, rules-based indices capturing the investable crypto market of Grayscale Crypto Sectors.
(3/11) pic.twitter.com/SyH1zFU70h

— Grayscale (@Grayscale) October 24, 2023

In August, the federal appeals court issued a
decision that contradicted the SEC’s rejection of Grayscale’s spot Bitcoin ETF
application. This action brought optimism in the crypto markets. Although the
ruling did not guarantee an instant approval of the ETF, it renewed interest
for a spot Bitcoin
Bitcoin

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term ETF among asset management firms.