Beyond Bitcoin, LLC officials said the investment firm has initiated equal-weighted crypto indices to offer a diversified alternative to market-capitalization weighted indices.
“The majority of core crypto indices today have up to 90 percent of their weight in two cryptocurrencies, Bitcoin and Ether, failing to provide investors with adequate exposure and tracking of the broader digital asset market,” Beyond Bitcoin Founder and CEO Paul de Leon said. “By applying tried-and-true investment principles and focusing on assets supported by regulated custodians, the indices can provide a sound basis for investment products as well as more accurate benchmarks for the asset class.”
The three initial Beyond Bitcoin Indices include Beyond Bitcoin Core 20 Equal Weight Index, Beyond Bitcoin Metaverse Index, and Beyond Bitcoin Ethereum Killers Index.
Solactive, an investment and trading community indexing, benchmarking, and calculation solutions firm, offered the following regarding Beyond Bitcoin’s indices endeavor.
“We are pleased that Beyond Bitcoin, LLC shares our innovation spirit and has chosen us as the calculation agent for their new index series to offer investors a diversified investment possibility within the crypto space,” Solactive Chief Markets Officer Timo Pfeiffer said. “We look forward to expanding this relationship in the future.”
Beyond Bitcoin, LLC indicated the company’s mission is to provide investors with crypto investment solutions and client service spanning the digital asset ecosystem.