Analytical Agency Fundstrat Global Advisors LLC has launched five additional price indexes for cryptocurrency investors, aiming to increase the overall level of customer service. It is reported Bloomberg.
As stated in the Agency, five new indices, Commodities, Platforms, Privacy, Exchanges, and Stablecoins — include 75% of the total capitalization of the cryptocurrency market.
The share of Commodity-tokens [terminology Fundstrat — approx. ForkLog] accounted for 47% of capitalization, because the index includes such popular cryptocurrencies, such as bitcoin, Cash Bitcoin, Litecoin, Monero and zcash for.
At the same time, the company advises potential investors to examine the composition of the indexes, because the diversification they still do not give. Thus, the index of privacy (Privacy) consists of four components, and Stablecoins — only two, where 99% are Tether and 1% to DAI.
Simultaneously, Fundstrat still optimistic about the long-term prospects of bitcoin.
“Commodity-tokens, in our view, represent a kind of springboard for the influx of institutional investors, given the growing capabilities of market access, for example, futures. In addition, in comparison with other types of tokens they currently exposed to limited risks from the point of view of regulation,” said managing partner and head of research at Fundstrat’s Thomas Lee.
Creating new index Fundstrat prompted regulatory risks inherent in the prices of the platforms, tokens, even though the firm was chosen indexes mainly based on the size of their capitalization. The company also plans to create additional indicators for digital currencies as the growing popularity of other thematic areas.
We will remind, in early April, Thomas said that the period of filing tax returns has a negative impact on the price of bitcoin.