India’s first crypto Index :
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The crypto currency index know as IC15 .
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It has been launched by the global crypto currency
super app CryptoWire.
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To increase awareness and knowledge of the
cryptocurrency and blockchain ecosystem.
v ICI5 ?
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The Mumbai-headquartered company CryptoWire behind IC15, is a
unit of crypto statistics provider TickerPlant.
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The index enables investors to understand how virtual performance
of cryptocurrencies in global markets.
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crypto
Currency index will monitor the top 15 crypto coins listed on major
exchanges around the world.
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Those are - Bitcoin, Ethereum, XRP, Bitcoin Cash, Cardano,
Litecoin, Binance Coin, Chainlink, Polkadot, Uniswap, Dogecoin, Solana, Terra,
Avalanche, and Shiba Inu.
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It comprises a governance committee (IGC) that includes
domain experts, Industry practitioners and academicians who will monitor and
maintain the index.
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Crypto currency needs to trade on at least 90 percent of the
trading days during the review period and should remain in the top 50 in terms
of circulating market capitalization in the preceding month.
v Benefits :
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Simple and easy to replicate for creating index linked
products like Exchange Traded Funds(ETFs).
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Enables investors to understand how virtual coin trading
works.
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It Minimises human interventions.
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It acts as a bench mark for fund managers.