{"id":62490,"date":"2023-10-24T11:30:29","date_gmt":"2023-10-24T15:30:29","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=62490"},"modified":"2023-10-24T11:36:25","modified_gmt":"2023-10-24T15:36:25","slug":"grayscale-teams-up-with-ftse-russell-for-new-crypto-indices","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/grayscale-teams-up-with-ftse-russell-for-new-crypto-indices\/","title":{"rendered":"Grayscale Teams Up with FTSE Russell for New Crypto Indices"},"content":{"rendered":"\n<p>Grayscale Investments has partnered with FTSE Russell, a subsidiary of the London Stock Exchange, to introduce a series of crypto indices that cover different categories of digital assets. However, the firm also faces legal challenges and seeks approval for a spot <a href=\"https:\/\/coinscreed.com\/staging\/fidelity-seeks-sec-approval-with-respect-to-the-launch-of-bitcoin-etf.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoin ETF.<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_-1024x576.webp\" alt=\"Grayscale Teams Up with FTSE Russell for New Crypto Indices\" class=\"wp-image-62500\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_-1024x576.webp 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_-300x169.webp 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_-768x432.webp 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_-18x10.webp 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_-750x422.webp 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_-1140x641.webp 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/grayscale-investments-launches-7-new-smart-contract-funds.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Grayscale Investments,<\/a> the largest digital asset manager in the world, has teamed up with <a href=\"https:\/\/www.lseg.com\/en\/ftse-russell\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">FTSE Russell<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, a leading provider of stock market indices and data services, to enter the crypto indices space. <\/p>\n\n\n\n<p>The two firms announced that they will launch a product called the <a href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/10\/24\/2765622\/0\/en\/Grayscale-Investments-Unveils-Grayscale-Crypto-Sectors-and-Launches-New-Partnership-with-FTSE-Russell-to-Introduce-Crypto-Sector-Index-Series.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Crypto Sector Index Series,<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> which will offer investors exposure to various segments of the crypto market based on their specific use cases.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-crypto-sector-index-series-a-diversified-approach-to-crypto-investing\">Crypto Sector Index Series: A diversified approach to crypto investing<\/h3>\n\n\n\n<p>The Crypto Sector Index Series will consist of several indices, each focusing on a different category of digital assets. These include:<\/p>\n\n\n\n<p>The Crypto Large Cap Index tracks the performance of the most established and liquid cryptocurrencies, such as <strong>Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Crypto Smart Contract Index&nbsp;<\/strong>measures the performance of cryptocurrencies that enable smart contracts and decentralized applications, such as Ethereum, Solana, Cardano, and Polygon.<\/li>\n\n\n\n<li><strong>The Crypto DeFi Index<\/strong>&nbsp;captures the performance of cryptocurrencies that are associated with decentralized finance services, such as Uniswap, Compound, Aave, and Maker.<\/li>\n\n\n\n<li><strong>The Crypto NFT & Media Index&nbsp;<\/strong>reflects the performance of cryptocurrencies that are related to non-fungible tokens (NFTs) and media platforms, such as Axie Infinity, Decentraland, Audius, and Theta.<\/li>\n\n\n\n<li><strong>The Crypto Utility Index<\/strong>&nbsp;tracks the performance of cryptocurrencies that have practical applications in various sectors, such as Chainlink, Filecoin, Stellar, and Algorand.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Learn more about today\u2019s announcement: <a href=\"https:\/\/t.co\/6p0XWGW5KH\" target=\"_blank\">https:\/\/t.co\/6p0XWGW5KH<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><br>(11\/11)<\/p>&mdash; Grayscale (@Grayscale) <a href=\"https:\/\/twitter.com\/Grayscale\/status\/1716796018388586864?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 24, 2023<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p>The unique indices will classify digital assets into various groups based on their characteristics and functionalities. The methodology behind the asset weighting within these indices employs the square root of each cryptocurrency\u2019s market capitalization. <\/p>\n\n\n\n<p>This ensures that dominant cryptocurrencies like Bitcoin do not disproportionately influence the entire category. Consequently, investors will benefit from more diversified exposure to the crypto market.<\/p>\n\n\n\n<p>Inkoo Kang, Grayscale\u2019s director of ETFs, explained the rationale behind the new product:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe believe that investors deserve access to tools that can help them better understand this dynamic asset class. By partnering with FTSE Russell to create these innovative indices, we are providing investors with a new lens through which they can view and analyze digital assets.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Grayscale faces legal hurdles and ETF prospects<\/h3>\n\n\n\n<p>However, Grayscale\u2019s recent strides come alongside legal hurdles. Last week, <a href=\"https:\/\/coinscreed.com\/staging\/nyag-sues-gemini-genesis-dcg-for-1-billion-crypto-fraud.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">New York Attorney General Letitia James brought a complaint <\/a>against Grayscale\u2019s parent company, Digital Currency Group (DCG), and its other affiliate, Genesis. <\/p>\n\n\n\n<p>The filing also named the crypto exchange Gemini and prominent executives within these organizations. The issue lies in the controversy surrounding the Earn product, a joint venture between Genesis and Gemini. <\/p>\n\n\n\n<p>The NYAG argued that the firms deceived the public regarding the nature of this product, resulting in significant user fund misappropriation. <\/p>\n\n\n\n<p>These legal proceedings underscore the complexities facing Grayscale and affiliated entities as they expand their product offerings.<\/p>\n\n\n\n<p>Simultaneously, as these challenges persist, Grayscale has rekindled its focus on the ETF sector. The U.S. Court of Appeals for the D.C. Circuit has recently ordered the SEC to revisit Grayscale Investments' spot Bitcoin ETF application.<\/p>\n\n\n\n<p>This directive follows observations regarding the resemblance between Grayscale\u2019s proposal and the already approved Bitcoin futures ETFs.<\/p>\n\n\n\n<p>The court stressed the consistency in market misconduct identification capabilities between the two products. Hence, it recognized the necessity for Grayscale\u2019s offering to receive approval. <\/p>\n\n\n\n<p>This development could pave the way for an expanded presence of Grayscale in the crypto investment arena, notwithstanding the existing legal confrontations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments has partnered with FTSE Russell, a subsidiary of the London Stock Exchange, to introduce a series of crypto indices that cover different categories of digital assets. However, the firm also faces legal challenges and seeks approval for a spot Bitcoin ETF. Grayscale Investments, the largest digital asset manager in the world, has teamed [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":62500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16902,16901,541],"class_list":["post-62490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-indices","tag-ftse-russell","tag-grayscale"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Grayscale_.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=62490"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/62500"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=62490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=62490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=62490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}