Digital Asset Manager Onramp Invest Integrates CoinDesk 20 Index for RIAs
Onramp is the first U.S.-based firm to allow for investible access via the CoinDesk 20 Index.
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Feb 29, 2024 at 2:00 p.m. UTC
Feb 29, 2024
The CoinDesk 20 includes trading and liquidity requirements to support product implementation at scale. The CoinDesk 20 is market-capitalization-weighted to improve diversification with a 30% cap on the largest member (currently Bitcoin) and a 20% cap on all other members (currently capping Ether). The CoinDesk 20 is a subset of the CoinDesk Market Index (CMI) which is drawn from the Digital Asset Classification Standard (DACS) universe. The index is updated every five seconds and reconstituted and rebalanced quarterly following a robust and transparent governance framework.