Grayscale Investments Unveils Grayscale Crypto Sectors and Launches New Partnership with FTSE Russell to Introduce Crypto Sector Index Series

New framework organizes the broader crypto market into five distinct sectors, designed to help investors understand Grayscale’s specialized view of the asset class

Industry leaders in crypto asset management and indexing partner to create tools for tracking and evaluating the rapidly evolving crypto ecosystem

STAMFORD, Conn., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments, the world’s largest crypto asset manager, today launched Grayscale Crypto Sectors, a new framework designed to set the standard for organizing the crypto asset class, and announced a new partnership with FTSE Russell, an LSEG business and a leading global index provider, to introduce the FTSE Grayscale Crypto Sector Index Series (“Crypto Sector Indices”), a comprehensive set of five distinct, rules-based indices capturing the investable crypto market of Grayscale Crypto Sectors.

“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,” said Grayscale Investments CEO Michael Sonnenshein. “Grayscale Crypto Sectors formalizes our specialized view of the crypto landscape, and we are thrilled to partner with FTSE Russell to make this framework actionable in the form of indices. Together, our brands will bring the rigor of traditional finance to crypto.”

The partnership between Grayscale Investments and FTSE Russell aims to help investors categorize and analyze the crypto ecosystem. Over time, various tools and structures will be created to monitor themes, risks, and opportunities of the asset class, advancing more informed investment decisions.

“We are delighted to announce our partnership with Grayscale,” said Fiona Bassett, CEO of FTSE Russell. “Trust in financial markets is earned through transparency and governance. With our shared expertise, we have created a sector defining approach to capture innovation that will enable improved decision-making in this growing asset class. This fundamental construct offers critical insight to help investors make decisions with clarity and conviction.”

There are five distinct Crypto Sector Indices: Currencies, Smart Contract Platforms, Financials, Consumer & Culture, and Utilities & Services. The Crypto Sector Indices includes coverage of over 150 protocols, and will be reassessed quarterly to reflect the dynamic nature of the crypto asset class.