Stoxx, a well-respected index provider, has recently introduced a new blue-chip index for crypto assets. This index aims to identify the top ten digital projects, in addition to Bitcoin and Ether. 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 this blue-chip index for crypto assets. Similar to well-known stock indices like the SMI or DAX, this index aims to filter out the most important tokens from the vast array of blockchain projects. This new index is now available as an exchange-traded product on Deutsche Börse, providing investors with an easy way to invest in the top crypto assets.
The criteria for inclusion in Stoxx’s digital asset blue-chip index are rigorous and beyond just market capitalization. The index includes projects that have proven themselves and are expected to remain relevant in the future. These projects have outperformed traditional assets like Bitcoin and Ether in recent years.
Investing in cryptocurrencies can be risky and uncertain due to their volatility. A blue-chip index offers investors a more secure way to invest in digital assets by filtering out smaller tokens that may not have long-term relevance. This launch marks a significant step towards making crypto investments more accessible and trustworthy for a wider range of investors.
Overall, Stoxx’s entry into the crypto world brings greater credibility and trust among institutional investors who may be hesitant about investing in smaller tokens that may not have long-term relevance. The launch of this blue-chip index provides investors with a more secure way to invest in digital assets while avoiding uncertainty associated with smaller tokens.
