April 23, 2024 2:26 pm
The arrival of the quality label for cryptocurrencies

Stoxx, a reputable index provider, has announced the creation of a new index that will identify the top ten crypto projects beyond Bitcoin. This blue-chip index is designed to filter out small and medium-sized coins from the thousands available for investment, leaving only the most important tokens to be included in the index. The 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.

Stoxx has partnered with Bitcoin Suisse and Valour to create this blue-chip index, which is similar to well-known stock indices like SMI or DAX. The aim of this index is to provide investors with a more secure way to invest in digital assets by filtering out smaller tokens and focusing on rigorous criteria that include proven success and future relevance.

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.

Investors can now access Stoxx’s digital asset blue-chip index through Deutsche Börse as an exchange-traded product. This offers investors a more secure way to invest in digital assets while avoiding the volatility and uncertainty associated with smaller tokens. With Stoxx’s strict inclusion criteria focusing on factors beyond market capitalization, this blue-chip index marks a significant step towards making crypto investments more accessible and trustworthy for a wider range of investors.

Overall, this new blue-chip index provides investors with an opportunity to diversify their portfolios beyond Bitcoin and Ether while also investing in proven projects that are expected to remain relevant in the future. As cryptocurrencies continue to grow in popularity and value, it’s important for investors to stay informed about these developments and make informed decisions when investing in this dynamic marketplace.

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