Gemini

Uniswap

Chainlink

Grayscale Bitcoin Trust

<ul>
 <li>The unique indices will categorize digital assets into numerous groupings.</li>
 <li>There will be many indices in this series, each one dedicated to a distinct kind of digital assets.</li>
</ul>
To enter the cryptocurrency indices market, Grayscale Investments has teamed up with <a href="https://www.lseg.com/en/ftse-russell" target="_blank" rel="noopener noreferrer nofollow">FTSE Russell</a>, a division of the London Stock Exchange. A new offering called the Crypto Sector Index Series is in the works. There will be many indices in this series, each one dedicated to a distinct kind of digital assets with a particular set of applications.
The unique indices will categorize digital assets into numerous groupings. Cryptocurrencies like <a href="https://thenewscrypto.com/bitcoin-makes-16-month-high-crossing-35k/" target="_blank" rel="noopener noreferrer nofollow">bitcoin</a> and litecoin are one example, as are smart contract initiatives like ether and <a href="https://thenewscrypto.com/solana-price-on-a-rampage-as-bulls-drive-price-above-31/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>, and tokens associated with financial services like Uniswap and compound. In addition to currencies having practical uses like Chainlink and Filecoin, the indexes will also include coins with ties to the arts, games, and media.
<h3 class="wp-block-heading" id="h-wider-range-of-options">Wider Range of Options</h3>
<a href="https://thenewscrypto.com/ark-invest-sells-gbtc-shares/" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s</a> director of ETFs, Inkoo Kang, recently discussed the rationale behind the indices’ asset allocation. The technique uses the square root of the market capitalization of each cryptocurrency, mitigating the disproportionate impact of large-cap tokens like Bitcoin. As a result, investors will have a wider range of options to choose from.
The progress Grayscale has made recently is not without legal obstacles, however. New York’s attorney general, Letitia James, filed a lawsuit against Grayscale’s parent company, DCG, and its other subsidiary, Genesis, last week. The cryptocurrency exchange Gemini and other high-ranking executives were also mentioned in the filing.
Earn is a product developed by Genesis and Gemini in partnership, and its controversial nature is at the heart of the matter. The NYAG claimed that substantial user money misappropriations occurred because the companies misled the public about the nature of this product.&nbsp;
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/ark-invest-sells-gbtc-shares/" target="_blank" rel="noopener noreferrer nofollow">Cathie Wood Led Ark Invest Sells Grayscale Bitcoin Trust (GBTC) Shares</a>

Grayscale Forays Into Crypto Indices Market With FTSE Russell

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