CoinDesk 20 Performance Update: Index Plunged, With All 20 Assets Declining
The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines.
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CoinDesk Indices
The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines.
There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here’s why they make sense to investors, says Adam Guren of Hunting Hill.
There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs.
The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.
Overnight, ADA and XRP led the CoinDesk 20 with half the assets trading higher.
Over the weekend, NEAR and AVAX lead the CoinDesk 20 with only one asset posting a loss.
CoinDesk Indices’ XBX is currently the benchmark for $20 billion in ETF assets under management.
Just like equities have the S&P 500 and NASDAQ 100, we now see the emergence of cryptocurrency and digital asset indices.
FIL’s market-beating surge to a 12-month high of $8.5 comes on the heels of Filecoin’s Feb. 16 announcement that it would host programmable blockchain Solana’s block history.
How will advisors adapt to support the next gen investor? Erik Anderson from Global X takes us through the changing landscape in today’s Crypto for Advisor newsletter.