RATE Group | CoinShares launches index based on gold and five cryptocurrencies
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CoinShares launches index based on gold and five cryptocurrencies

28 May CoinShares launches index based on gold and five cryptocurrencies

Posted at 01:26h in Cryptocurrency News by

  • The new index will be backed by gold and five digital assets.
  • It will provide investors with low-risk exposure to the cryptocurrency market. 

The cryptocurrency asset management company, CoinShares, launched a new index that is based on gold and five large-cap cryptocurrencies. The index is called Cryptoassets Index (CGCI). And available on Bloomberg terminal and Refinitiv.

Gold accounts for 68,25%, while the remaining 31,75% are equally distributed between the five cryptocurrencies. According to CoinShares, CGCI was the first digital currency index to comply with EU regulatory standards, while its average annual return on the investment vehicle is 18.78%. 

The company says they developed the instrument that will allow investors to get exposure to the cryptocurrency market and at the same time improve the average investment return. CoinShares noted that the high volatility of digital assets is offset by the relatively stable precious metal since there is…

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