
FTSE Russell Partners with SonarX to Launch Crypto Indexes
London Stock Exchange Group’s FTSE Russell ventures into digital assets and on-chain data analytics to meet growing institutional demand for crypto insights.
London Stock Exchange Group’s FTSE Russell ventures into digital assets and on-chain data analytics to meet growing institutional demand for crypto insights.
The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.
Indices across the European continent gained anywhere between 0.75-1% with sectors like autos, banks, retail, and telecoms taking the lead.
Development and adoption of the crypto space in the past years have prompted the expansion of mechanisms that assess the credibility of virtual tokens.
The mini-rally recorded in the last 24 hours is believed to have been caused by the positive movement in Total Value Locked across Ethereum as well as improved on-chain activities.
European stocks weaken as Thursday trading began as inflation worries and a potential global economic slowdown continue to loom.
Despite some positive development from China’s April trade data, global stocks still remain lower as investors remain tentative.
The Fed plan to reduce its balance sheet and raise interest rates is already impacting European stocks, with several indexes set to decline.
Russia remains the major supplier of oil and gas to Europe, and while many EU leaders have imposed sanctions on Russia, there is no guarantee that many will want to boycott the Russian crude oil products.
Besides the growth notably recorded in the stock futures, the Dollar also became firmer against other currencies around the world.
The UK’s current inflation rate surpassed the 5.2% expectation of economists, ahead of the BoE’s next meeting in February.
FTSE says its crypto index will be on the same rung as its FTSE 100 and Russell 2000, and will feature 43 different crypto assets.
In the future, Wise plans to roll out OwnWise, a client shareholder program that will allow its users to own a stake in the company.
While the growth of economies is tied to these vaccines’ timely distributions, the markets will attempt to trail and break new territories with this headstart into the year.
In addition to S&P DJI, index provider FTSE Russell noted last week that it will delist major Chinese tech companies from its FTSE Global Equity Index Series.