Stoxx, a well-respected index provider, has announced plans to identify the top ten crypto projects in addition to Bitcoin. They have created a new blue-chip index that is available as an exchange-traded product on Deutsche Börse. While many investors are familiar with Bitcoin and Ether, there are thousands of small and medium-sized coins available for investment, with only a few dozen likely to remain relevant in the long term.
The growing interest in alternative investments, including digital assets, has led to the creation of various crypto indices and listed products by providers like Amina, Sygnum, and 21Shares. However, Stoxx’s entry into the crypto world is likely to bring greater credibility and trust among institutional investors.
Stoxx has partnered with Bitcoin Suisse and Valour to create a rigorous blue-chip index for crypto assets. The criteria for inclusion in this index focus on factors beyond just market capitalization, such as project history and future potential. This ensures that only the top projects are included in the index.
The launch of Stoxx’s digital asset blue-chip index marks a significant step in making crypto investments more accessible and trustworthy for a wider range of investors. By filtering out the top projects based on strict criteria, investors can avoid the volatility and uncertainty associated with smaller tokens. This provides a more secure way to invest in digital assets in an ever-changing world where cryptocurrency can be unpredictable.
Investors who want to diversify their portfolio beyond traditional assets can now easily invest in the top crypto assets through this exchange-traded product on Deutsche Börse. As institutional investors continue to enter the market for digital assets, it’s important for them to have access to trusted sources of information like Stoxx’s blue-chip index.
Overall, Stoxx’s entry into the crypto world represents an exciting opportunity for investors looking for new ways to diversify their portfolios while also gaining greater accessibility and security when investing in digital assets.