Fundstrat Global Advisors LLC launched several new indexes aimed at giving investors more ways to tailor exposure to the expansive universe of digital currencies.
“The five gauges — based on the sectors Commodities, Platforms, Privacy, Exchanges and Stablecoins — include 75 percent of today’s crypto market cap,” reports Bloomberg. “Commodity tokens comprise the largest chunk, at 47 percent, but that’s because the index components are Bitcoin, Bitcoin cash, Litecoin, Monero and Zcash.”
Fundstrat’s Thomas Lee is a noted bitcoin bull. Recently, the Bitcoin Dominance Index has been rising, confirming the dominant perch of the cryptocurrency. After bitcoin, the largest cryptocurrencies are Ethereum, Ripple, Bitcoin Cash and Litecoin.
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