Bitwise Launches 3 More Crypto-Related Indexes, Creates Index Advisory Board

Crypto-oriented asset manager Bitwise Asset Management, which created the world’s first crypto index fund, announced on Wednesday the launch of three more indexes that would track mid-cap, small-cap, and total-market segments of the cryptocurrency space. The new indexes are introduced via its subsidiary Bitwise Index Services. The company is also renaming its HOLD 10 Index.

The palette of cryptocurrency-based indexes is now as follows:

Also, Bitwise announced the creation of an index advisory board to manage the indexes. The team includes former executives with vast experience in the institutional indexing and cryptocurrency space. Spencer Bogart, partner and head of research at Blockchain Capital, and Srikant Dash, former global head of indexing at Bloomberg and former head of research at Standard & Poor’s Indices, will join Matt Hougan in the new board. Hougan has been global head of research at Bitwise.

Bitwise’s indexes can be accessed via data aggregators like those provided by Bloomberg, FactSet, and Reuters among others. Also, the company said that it was developing API access and complimentary benchmarking for institutional players like researchers and hedge funds.

Hougan commented on the indexes:

“Our indexes are built from the ground up to respond specifically to the cryptomarket. The methodology draws on best practices from the modern indexing of equities, bonds, commodities, and fiat currencies, and pairs them with crypto-native factors to ensure the indexes are safe and replicable.” “We believe they are the best representation of the investable cryptoasset market in the world,” he added.

The index methodology revolves around procedures that reduce risks related to liquidity, security, regulatory status, and other factors, and aim to represent the investable cryptocurrency market to the fullest degree.