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Introducing the Quality Label for Cryptocurrencies

Byeditor

Apr 3, 2024

Stoxx, a well-known index provider, is seeking to identify the top ten crypto projects in addition to Bitcoin. This new index is available as a listed product for investors. While Bitcoin and Ether are familiar names to many investors, there are thousands of other tokens available for investment in the crypto market. However, only a few dozen are likely to remain relevant in the long term.

Stoxx, a subsidiary of Deutsche Börse, has teamed up with Bitcoin Suisse and Valour to offer a blue-chip index for crypto assets. Similar to established stock indices like SMI or DAX, this new index aims to filter out the ten most important tokens from the multitude of blockchain projects. This index allows investors to easily buy a listed investment vehicle to gain exposure to these projects.

The corresponding exchange-traded product for the index is already trading on Deutsche Börse, with an official launch set for next Tuesday. Other providers, such as Amina, Sygnum, and 21Shares, also offer crypto indices with listed products, but Stoxx is likely to have greater credibility among institutional investors.

The digital asset blue-chip index is designed to provide quality and transparency in the crypto world. Market capitalization is just one of many criteria used to determine which projects are included in the index. The index is made up of projects that have proven their worth and are expected to remain relevant in the future.

In a market filled with fashionable and short-lived trends, the digital asset blue-chip index aims to provide stability and consistency for investors. By focusing on established projects with proven success, the index has outperformed both Bitcoin and Ether in recent years. This index allows investors to access a diversified portfolio of crypto assets in a regulated and transparent manner.

By editor

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