Index Investing: From Theory to Practice · Dr MAI Huu Minh, TRAN Phan Bao Ngoc & HUYNH Nguyen Quoc BuuChapter 33 of 37 · Module 7: Latest index trends and innovations
CHAPTER 33
Crypto-Asset Indexes
Bitcoin benchmarks, market-cap and capped indexes, reference rates and crypto ETFs
Opening question
“Bitcoin trades on hundreds of exchanges, day and night, at slightly different prices. So what is 'the' price of bitcoin — and how can a fund or an index be built on something that never closes?”
In this chapter
- Why 24/7, fragmented crypto markets need reference rates before they can have indexes
- How the CME CF Bitcoin Reference Rate turns many exchange trades into one number
- The main broad crypto indexes and how they differ
- Construction choices: eligibility, stablecoins, concentration, caps, forks and staking
- Spot and futures crypto ETFs in the United States, Europe and Hong Kong
- Strategy, sector and volatility indexes for crypto
- Risks, governance and regulation of crypto benchmarks
- Vietnam's new legal framework and what a VND crypto index would need
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This chapter is in the full book
Chapter 1 is free to read online. The full text of chapter 33 — with its tables, figures, worked examples and practice lab — is available in the complete edition of Index Investing: From Theory to Practice (Volume 1, NXW Investment Library).
Read Chapter 1 freeGet the full book — [email protected]Sections of this chapter
33.1 Why crypto needs indexes
33.2 Reference rates and pricing
33.3 Broad market indexes
33.4 Construction choices
33.5 Crypto ETFs and ETPs
33.6 Strategy and thematic crypto indexes
33.7 Risks
33.8 Governance and regulation of crypto benchmarks
33.9 Asia and Vietnam
33.10 A checklist for any crypto index or product