Cryptocurrencies are an emerging asset class with a significant amount of capital flowing into the market. These capital inflows are creating an increasing demand for new financial products that serve the specific needs of the crypto ecosystem.
Recently, we have been developing innovative indexes to increase our product portfolio and adapt it to the demand for new products that can follow the current market trends. Aiming to accomplish this goal, we have introduced a brand-new index to our Crypto family: the BITA Crypto 20 Index.
The BITA Crypto Next 20 Index (BCN20I) tracks the performance of the bottom 20 cryptocurrencies from the BITA Crypto 30 Index, as measured and weighted by free-float market capitalization (based on circulating supply). In order to achieve better diversification, tokens with extreme market capitalization are capped at 15%. Constructed carefully, the index accurately offers exposure to a basket composed of the “mid-cap” traded digital tokens in the world.
As of April 21st, the BITA Crypto Next 20 index has exhibited a return of 8%, against a return for the BTC of 0.1%. Overall, the index has outperformed the BTC by 7.9% during this year.
At BITA, we use a transparent, consistent, and straightforward construction process that ensures true exposure to megatrends. Moreover, our state-of-the-art index development software allows us to be very flexible and quick in designing and implementing innovative passive solutions for our clients.
To learn more about BITA’s real-time data products visit our website at http://www.bitadata.com or contact us at info@bitadata.com
