Oct 24 (Reuters) - U.S. digital currency asset manager Grayscale Investments on Tuesday introduced five crypto sector indices along with FTSE Russell, less than two months after winning a court backing to create an exchange-traded fund based on spot bitcoin.
Earlier this month, a source familiar with the matter told Reuters the SEC was not planning to appeal the court ruling, fueling hopes that the filings could be approved soon.
The FTSE-Grayscale indices would track the performance of crypto assets in five categories - currencies, smart contract platforms, financials, consumer and culture and utilities and services.
"Investors have increasingly expressed interest in diversifying beyond crypto's largest assets - Bitcoin and Ethereum - and many look to Grayscale to better understand this robust, evolving asset class," CEO Michael Sonnenshein said.
All the five indices will be reassessed quarterly, Grayscale said.
Persons:
Michael Sonnenshein, Niket, Arun Koyyur
Organizations:
FTSE Russell, Securities, Exchange Commission, SEC, BlackRock, Reuters, Investors, Thomson
Locations:
Bengaluru