FTSE Russell, the company behind the London Stock Exchange's benchmark FTSE 100 equity index, has rolled out a set of measures for the digital asset market.
The FTSE Global Digital Asset Index Series comprises eight gauges ranging from large and mid-cap assets down to micro cap.
Growth of interest in the crypto industry in recent years has spurred the development of instruments to measure the performance of digital assets, including Bloomberg Galaxy Crypto Indices, S&P Cryptocurrency Indices and CoinDesk's own family of market indexes. Take-up of the gauges will help indicate whether the appetite for digital assets has been soured by the decline in the crypto market in the past year and upheaval among companies including this month's collapses of FTX and BlockFi.
FTSE Russell is a London Stock Exchange Group subsidiary. Its other indexes include the Russell 2000.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.