Beyond Bitcoin, LLC Launches Equal-weighted Crypto Indices to Address Extreme Market Concentration – The Bakersfield Californian
NEW YORK–(BUSINESS WIRE)–May 10, 2022–
Beyond Bitcoin, LLC, a Manhattan based minority-owned investment firm, announced today the launch of first-of-their-kind equal-weighted crypto indices to offer a truly diversified alternative to today’s highly concentrated market-capitalization weighted indices. The indices will provide broader exposure to the asset class, addressing an unmet market need.
“The majority of core crypto indices today have up to 90% of their weight in two cryptocurrencies, Bitcoin and Ether, failing to provide investors with adequate exposure and tracking of the broader digital asset market,” said Paul de Leon, Founder and CEO of Beyond Bitcoin, LLC. “By applying tried-and-true investment principles, and focusing on assets supported by regulated custodians, the indices can provide a sound basis for investment products as well as more accurate benchmarks for the asset class.”
The first three Beyond Bitcoin Indices include:
- Beyond Bitcoin Core 20 Equal Weight…
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source: https://news.oneseocompany.com/2022/05/10/beyond-bitcoin-llc-launches-equal-weighted-crypto-indices-to-address-extreme-market-concentration-the-bakersfield-californian_2022051019524.html
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