The crypto (digital asset) revolution is developing so rapidly that it seems that new cryptocurrencies and solutions arrive almost every day.
This can make distinguishing those new crypto products with the best potential from the others more difficult amongst the noise that is inevitably created by any new revolutionary technology in its early infancy.
Furthermore, as the crypto community, the financial markets and the general public at large realize more and more the enormous potential of the crypto revolution, prices can move quickly and investors can feel like they are missing out.
So how can we cut through the noise across the markets, access these new cryptocurrencies and become part of the future of finance?
Crypto Indexes or digital assets indexes and benchmarks helps investors measure the performance of different cryptocurrency. Here is a list of major crypto indexes of 2020.
TOP 10 Best Crypto Index / Cryptocurrency Index/ Digital Asset Indexes/ & Benchmarks 2020
1. Bloomberg Galaxy Crypto Index (BGCI)
Bloomberg and Galaxy Digital Capital Management jointly launched the Bloomberg Galaxy Crypto Index (BGCI). The index is designed to measure the performance of the largest cryptocurrencies traded in USD. The BGCI is market capitalization-weighted and includes cryptocurrencies such as Bitcoin, Ethereum, Monero, Ripple and Zcash. The index constituents are diversified across different categories of digital assets, including stores of value, mediums of exchange, smart contract protocols and privacy assets.
Bloomberg Galaxy Crypto Index (BGCI) Website: https://www.bloomberg.com/professional/product/indices/bloomberg-galaxy-crypto-index/
2. Bitwise 10 Large Cap Crypto Index (BITX)
The Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of the 10 largest cryptoassets, as measured and weighted by free-float and 5-year inflation-adjusted market capitalization.
Bitwise 10 Large Cap Crypto Index (BITX) Website: https://www.bitwiseinvestments.com/indexes/Bitwise-10
3. MVIS CryptoCompare Digital Assets Indices
MVIS CryptoCompare Digital Assets Indices offers a broad range of benchmarks for the digital assets market. These indices provide institutional-grade access to the largest and most liquid digital assets.
MVIS CryptoCompare Digital Assets Indices Website: https://www.mvis-indices.com/indices/digital-assets
4.CCi30: Crypto Currency Index 30
The CCi30 is a rules-based index designed to objectively measure the overall growth, daily and long-term movement of the blockchain sector. It does so by tracking the 30 largest cryptocurrencies by market capitalization, excluding stablecoins. It serves as a tool for passive investors to participate in this asset class, and as an industry benchmark for investment managers.
For achieving its objectives, the CCi30 has been designed with 5 main characteristics: 1. diversified; 2. replicable; 3. transparent; 4. provides in-depth coverage of the entire sector; 5. presents the best risk-adjusted performance profile possible.
The CCi30 was launched on Jan 1st, 2017. Its starting value is arbitrarily set at 100 on Jan 1st, 2015.
CCi30 Website: https://cci30.com/
5. CMC Crypto 200 Index by Solactive
The CMC Crypto 200 Index is an Index of CoinMarketCap OpCo LLC and is calculated and distributed by Solactive AG. The Index intends to track the price movements of a portfolio of the top 200 cryptocurrencies by market capitalization. The Index is a Price Return index. The Index is published in USD.
Website: https://www.solactive.com/indices/?index=DE000SLA7P09
6. CMC Crypto200 ex BTC Index by Solactive
This headline cryptocurrency index comprises the volume-weighted average price (“VWAP”) on the top 200 cryptocurrencies except for Bitcoin and stablecoins, by market capitalization, in USD. The index provides exposure to the broader cryptocurrency market by incorporating the cryptocurrencies that represent the global cryptocurrency market without the influence of Bitcoin, a cryptocurrency dominating ~51% of total market capitalization at the time of writing. Pricing data for the index is provided by CoinMarketCap, the leading cryptocurrency data provider in the world.
Website: https://www.solactive.com/Indices/?index=DE000SLA7P17
7. F5 Crypto Index
The F5 Crypto Index assigns weights in accordance with the latest scientific standard. It combines equal weighting with a momentum factor, which is highly relevant for cryptocurrencies. The selection steps and calculation of weights are repeated quarterly on the rebalancing dates.
Website: https://f5crypto.com/en/f5-crypto-index/
8. BITA Crypto 10 Index
The BITA Crypto10 Index, also known as or the B10 index, as it is also know is provided run by the a company named BITA. It, represents the performance of the top 10 largest cryptocurrencies in the market, based on market capitalisation.
By monitoring the top blockchain projects in the industry, the Crypto-10 Index is widely considered as the benchmark cryptocurrency index for the cryptocurrency the crypto market. By tracking this index, global investors can quickly gauge the volatility and sentiment of the overall cryptocurrency market.
The BITA10 Index 10 was first introduced on the 20th of September 2018, by BITA, a Germany-based Fintech company that is responsible for providing enterprise-grade indexes, data and infrastructure to institutions operating in the investment space. The Crypto10 Index is calculated in US dollars (USD), and it is calculated daily, with no exceptions. This calculation takes place between 00:00 and 23:00 UTC. The B10 Index was launched with a standardised baseline value of 5000 points and its value has since mirrored the performance of the overall cryptocurrency market. Ultimately, this index can also be used as a benchmark for a wide variety of financial and non-financial products.
Website: https://www.bitadata.com/pages/plus500/B10
9. Lykke Crypto Index (LyCI)
LyCI is a tool that consolidates and tracks the performance or value of a selection of underlying cryptocurrencies. This provides a snapshot of how this selection of the crypto market is performing overall in one single, easily understandable measure. This ensures that even where one cryptocurrency in the index goes up or down dramatically, the index will reflect the global performance of all the assets contained, giving a more accurate picture of overall market performance excluding idiosyncratic risks of single assets.
What assets are included in LyCI?
LyCI is a weighted index which means that the proportion of each digital assets contained in the group is dependent on their total market capitalization. LyCI takes the current mid-market prices of the 25 cryptocurrencies with the largest market capitalization – i.e. those that are worth the most in terms of total asset value.
Website: https://lykke.com/
10. SGX iEdge Cryptocurrency Indices
The SGX’s iEdge Cryptocurrency Indices was launched by Singapore Exchange (SGX) in September 2020. In the first batch, SGX introduced two crypto indices, namely the iEdge Bitcoin Index and iEdge Ethereum Index.
The index is calculated in partnership with CryptoCompare and uses Volume Weighted Average Price (VWAP) aggregated from trusted digital asset exchanges graded AA or A. CryptoCompare Exchange Benchmark ranks more than 165 global spot exchanges to bring transparency and accountability to the cryptoasset exchange landscape by providing a framework for assessing risk. The Benchmark assigns a AA – F grade to help identify the lowest risk venues in the industry. Only the exchanges with AA and A rating are considered in iEdge Cryptocurrency indices.
SGX’s iEdge Cryptocurrency Indices Website: https://www.sgx.com/indices
The ‘extremely significant’ development of Year 2020 related to Crypto Index and Digital Assets
S&P Dow Jones Indices to launch Crypto Index in 2021
S&P Dow Jones Indices has announced that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class. The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins. Read more here
Editor’s Note: if you are a crypto index publisher or planning to enter this space, and want your company to be included in this article (list of Crypto Indices), then send your request to info@alexablockchain.com
Last Updates on – This article was last updated on December 14, 2020 9:13 pm (GMT-8).