FTSE Russell, a leading global index provider, has partnered with blockchain data provider SonarX to launch a suite of innovative crypto indexes. This collaboration aims to cater to the increasing demand from institutional investors for onchain data and crypto metrics.
The new crypto indexes, which will be launched under the FTSE Russell brand, will leverage SonarX’s expertise in crypto data and analytics to provide a comprehensive and accurate representation of the cryptocurrency market. These indexes will cover a range of digital assets, including Bitcoin, Ethereum, and other prominent cryptocurrencies.
The partnership reflects a broader trend in traditional finance, with institutions like Bloomberg Terminal and Grayscale expanding their coverage of digital assets. FTSE Russell’s move to launch crypto indexes through SonarX signifies a significant step towards integrating cryptocurrencies into mainstream financial markets.
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