One of the indices tracks companies like Coinbase, Square, and Argo Blockchain
Investment manager Galaxy Digital Holdings and index provider Alerian and S-Network Global Indexes have announced a partnership in which the two companies will bring several crypto-focused indices to the market.
In an announcement released on Aug. 24, the companies unveiled the Alerian Galaxy Global Blockchain Indexes and the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes, two groups of four indices that aim to meet the growing demand from institutional investors in the blockchain and cryptocurrency sectors cover.
The index group of the Alerian Galaxy Global Blockchain Index is called a stock index (BLKCHN), Equity, Trusts, an Exchange Traded Products (ETPs) index (BLKCNP), an Equity and Futures Index (BLKCNF) and a blockchain-focused index including BCHAIN .
When it comes to crypto-focused indices, investors can choose between a crypto-stock index (CRYPTE), a stock and futures index (CRYPTF), an ETPs index (CRYPTP) and a crypto-focused blockchain index (CRYPTO).
“Index-based investing is constantly evolving and expanding into new asset classes and exposures to support the ever growing demand from investors.” Robert Hughes, the COO of Alerian, said.
The indices open the entire ecosystem to investment advisors, including those of large asset management companies, said Steve Kurz, head of asset management at Galaxy Digital.
The various indices offer exposure to publicly traded companies as well as select investment vehicles in the blockchain and crypto space, including miners, crypto infrastructure companies, companies that have bought crypto, and blockchain users.
For example, the CRYPTE index tracks major cryptocurrency companies, including Coinbase, Square, Voyager Digital, and Argo Blockchain. Investors in the BCHAIN index, on the other hand, receive an index that tracks leading companies such as Microsoft, Facebook and Mastercard.
According to the press release, the indices will include passive and rules-based investing. The indices are also rebalanced monthly, with each portfolio benefiting from an equal weighting.