Amid rising interest in the crypto financial products, the absence of a universally accepted crypto asset index has been a notable gap in the market. Thus, GMCI aims to address this with its new offerings.
By Bhushan Akolkar
Edited by Julia Sakovich
Updated
2 mins read
On February 12, GMCI unveiled GMCI 30, a benchmark index tracking the market performance of 30 large-cap crypto assets. Thus, it will serve as a benchmark for evaluating investment returns and market performance across both crypto and traditional finance realms. This development comes amid a partnership between The Block and Wintermute supporting GMCI’s mission to offer comprehensive index products for the crypto asset management sector.
To qualify for inclusion, assets must meet specific criteria, including listing on selected centralized exchanges (CEXs), support from designated custodians, and availability of comprehensive Market Capitalization data.
The index methodology, detailed on the GMCI website, is the result of The Block’s research team’s efforts. They developed a comprehensive token classification taxonomy, vetted crypto-specific data sources, and devised calculation methodologies blending cryptocurrency market insights with traditional analysis, ensuring the index’s robustness and accuracy.
GMCI, a prominent player in the digital asset space, announces plans to broaden its index offerings beyond the GMCI 30. This expansion will include the introduction of sector-specific indices tailored to digital assets, thus catering to a diverse array of financial products and investment strategies.
The decision to launch these indices comes amidst the increasing interest in crypto-related financial products, exemplified by the recent introduction of Bitcoin spot ETFs. However, the absence of a universally accepted crypto asset index has been a notable gap in the market. As a result, GMCI aims to address this with its new offerings.
Developed in collaboration with experts from both the crypto-native and traditional finance sectors, GMCI’s indices will uphold transparency and adhere to rigorous standards. Additionally, the company is actively pursuing compliance with the Benchmarks Regulation (BMR) to ensure the highest levels of integrity and investability.
GMCI’s strategic approach includes facilitating the creation of financial products based on its indices. Wintermute will provide liquidity support, while The Block will aid in tracking these indices through a dedicated website, enhancing accessibility and transparency for investors.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
