Grayscale Investments, the world’s largest crypto asset manager, has launched Grayscale® Crypto Sectors on October 24th, a new company framework designed to organize crypto asset investments. Grayscale also announced a new partnership with FTSE Russell with this step.
Grayscale, which emerged victorious from the legal process with the SEC, continues to take steps regarding the cryptocurrency market. The company introduced FTSE Grayscale Crypto Sector Index Series, a comprehensive set consisting of five different and rules-based indexes that capture the investable crypto market. Regarding this development, Grayscale Investments CEO Michael Sonnenshein made the following statements:
“Investors are increasingly expressing their interest in diversifying beyond Bitcoin and Ethereum, the largest assets in the crypto market, and many of them are looking to Grayscale to better understand this robust, evolving asset class. Grayscale Crypto Sectors formalizes our expert view on the crypto space and we are excited to partner with FTSE Russell to make this framework implementable through indexes. Our brands together will bring the rigor of traditional finance to the crypto market.”
The partnership between Grayscale Investments and FTSE Russell aims to categorize the crypto ecosystem and help investors analyze investment products. Various tools and structures will be created in the future to monitor the themes, risks, and opportunities of this asset class, enabling investors to make more informed decisions. Fiona Bassett, CEO of FTSE Russell, made the following statements regarding the matter:
“We are delighted to announce our partnership with Grayscale. Trust is earned in the financial markets through transparency, governance, and trust. With our shared expertise, we have created an approach that defines the industry to capture the innovation that enables better decision-making in this growing asset class. This foundational framework provides critical information to help investors make decisions with clarity and confidence.”
The five different Crypto Sector Indexes to be served with the partnership are; Cryptocurrencies, Smart Contract Platforms, Finance, Culture, and Public Utilities. The Crypto Sector Indexes will embrace more than 150 protocols and will be updated every three months to reflect the dynamic nature of the crypto asset class.