Hedgehog, an SEC-registered robo-advisor for crypto-focused investors, will soon let users invest in automated sectors based on indices offered by CoinDesk Indices (CDI).
Users can invest in one of several digital asset sectors tracked by CDI's indices, including computing, culture and entertainment, currency, decentralized finance (DeFi) and smart contract platform. Hedgehog will also offer The CoinDesk Market Select Index (CMIS), a single automated investing solution providing exposure to all the sectors CDI tracks.
CoinDesk Indices is a part of CoinDesk.
"We believe that this collaboration will further advance the Hedgehog platform and the digital asset ecosystem by bringing more TradFi best practices, like sector investment exposure, to the crypto world,” Colton Dillion, CEO of Hedgehog, said in a statement.
CoinDesk's crypto sector indices aim to measure the performance of some of the most important segments in the liquid digital asset market. CDI's team selects the projects that comprise each of those five indices based on "a screening process" which evaluates whether constituents "meet certain trading and custody requirements," according to a press release.
Hedgehog's investing app is available for both iOS and Android users, and allows users to rebalance at their convenience.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.