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<ul><li>Grayscale Investments partners with FTSE Russell to launch Grayscale Crypto Sectors, dividing the crypto market into five sectors</li><li>It consists of indices focusing on key crypto sectors like Currencies, Smart Contract Platforms, Financials, Consumers &amp; Culture, and Utilities &amp; Services.</li><li>The framework, covering 150&#43; protocols, will be reassessed quarterly.</li></ul>Grayscale Investments has <a href="https://www.globenewswire.com/news-release/2023/10/24/2765622/0/en/Grayscale-Investments-Unveils-Grayscale-Crypto-Sectors-and-Launches-New-Partnership-with-FTSE-Russell-to-Introduce-Crypto-Sector-Index-Series.html" rel="noopener noreferrer nofollow">introduced</a> Grayscale Crypto Sectors, a framework aimed at categorizing the crypto asset class, in collaboration with FTSE Russell, a global index provider. This initiative divides the crypto market into five distinct sectors: Currencies, Smart Contract Platforms, Financials, Consumers and Culture, and Utilities &amp; Services. The framework covers over 150 protocols and will be reviewed quarterly to adapt to the dynamic nature of the crypto asset class.The partnership between Grayscale Investments and FTSE Russell intends to assist investors in analyzing the crypto ecosystem effectively. Together, they have developed the FTSE Grayscale Crypto Sector Index Series, comprising five rules-based indices reflecting the Grayscale Crypto Sectors&#39; investable crypto market.The Currencies Index comprises assets functioning as mediums of exchange, stores of value, and units of account. The Smart Contract Platforms Index includes foundational platforms for self-executing contracts. The Financials Index focuses on assets facilitating financial transactions, while the Consumer &amp; Culture Index supports consumption-centric activities. Lastly, the Utilities &amp; Services Index emphasizes practical and enterprise-level crypto applications. This initiative offers a comprehensive view of the evolving crypto market.Read full article at <a href="https://cryptotale.org/grayscale-and-ftse-russell-introduce-crypto-sector-framework/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Grayscale and FTSE Russell Introduce Crypto Sector Framework

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