News on December 6, the ETF strategy of FTSERussell (FTSE Russell), a subsidiary of the London Stock Exchange. And the head of business development Kristen Mierzwa said. An encrypted index will be developed and more than 40 digital assets will be added to the new FTSE index.
It is reported that Mierzwa plans to significantly expand the digital asset index series launched in October. Currently only BTC, ETH and ADA data are available.
Currently, 43 assets have passed the review process. It also confirmed that dozens of projects will be added to the FTSE Digital Asset Index in 2022. As more and more institutions set foot in the encryption field, the need for reliable and clear pricing has become urgent.
FTSE Russell estimates that by 2025, the global market value of cryptocurrencies will exceed $3 trillion. Put this asset class on a par with private equity.
In addition, Mierzwa confirmed that stablecoins and even meme coins can be added to the index. Mixed products will also be provided. Reduce risks by matching cryptocurrencies with less volatile assets such as gold.