Crypto asset manager Grayscale has announced the launch of Grayscale Crypto Sectors and a new partnership with FTSE Russell, a global index provider, to debut the crypto sector indices.  

The FTSE Grayscale Crypto Sector Index Series ("Crypto Sector Indices") refers to a set of five distinct, rules-based indices capturing the investable crypto market of Grayscale Crypto Sectors. 

Cardano enthusiast and crypto capital venture CEO Dan Gambardello drew attention to the development on X, formerly Twitter. "Grayscale Investments, the digital currency asset management giant primarily catering to institutional players, has just rolled out five new crypto sector indices, and one of the indices caters to smart contract platforms," Gambardello tweeted. 

The crypto sector indices are divided into five categories: currencies, smart contract platforms, financials, consumers and culture, and utilities and services. 

The Crypto Sector Indices include coverage of over 150 protocols, which will be reassessed quarterly to reflect the dynamic nature of the crypto asset class.

Source : U.Today / October 25, 2023