HashKey Capital and FTSE Russell Launch Indices Tracking Crypto Assets

Jai Pratap

Last updated:

January 24, 2024 06:12 EST | 1 min read

Source: PixabayCrypto fund manager HashKey Capital and FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), have unveiled a suite of indices tracking cryptocurrencies.

HashKey Capital and FTSE Russell unveiled jointly developed crypto indices on January 24, as per a release shared with Cryptonews.

These three crypto indexes, accessible on the FTSE Russell website, enable traders to monitor baskets of digital assets aligned with diverse investment strategies.

Indexes Will Track Top Crypto by Market Cap

One of the key offerings is the FTSE Custom Digital Asset Top 20 Index, tracking the top 20 crypto assets based on market capitalization. This index accurately reflects over 90% of the overall performance of the digital asset market.

The FTSE Custom Digital Asset Infrastructure Index focuses on digital assets constituting the infrastructure layer of the crypto eco. This includes smart contract platforms, protocol interoperability, and distributed computation and storage.

Meanwhile, the FTSE Custom Digital Asset Application Index tracks digital assets associated with application functionalities across the digital asset eco. These assets are typically linked to staking instruments and decentralized finance.

The indices will be accessible on the FTSE Russell website starting January 24, with plans for future availability through prominent data providers such as Bloomberg, Factset, LSEG Data & Analytics, Morningstar, and S&P Capital IQ.

HashKey Capital Eyes Global Expansion this Year

HashKey Group secured nearly US$100 million in Series A funding this month, achieving unicorn status this month. COO Weng Xiaoqi emphasized the pivotal role of the institutional market in their business this year, outlining plans to offer custody, trading, and related services for Hong Kong virtual asset spot ETFs.

The company is gearing up for the development of virtual asset spot ETFs in collaboration with various funds, extending services to banks and securities firms while expanding its household registration business.

HashKey Group aims to apply for licenses in global regions to attract overseas retail investors, with announcements expected in April regarding their progress, Weng told local media.

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