- Nasdaq and CME relaunch a crypto index with a governance focus.
- It aims to support more than 100 new crypto-linked ETFs soon.
- Index emphasizes transparency and alignment with institutional standards.
Nasdaq and CME Group have relaunched the Nasdaq CME Crypto Index, focusing on institutional governance through vetted exchanges and custodians, to enhance transparency and integrity for investors.
Institutions see this as a move towards regulatory clarity in crypto investments, potentially supporting over 100 new ETFs while enhancing trust in the digital asset market.
Nasdaq Relaunches Crypto Index for Institutional Investors
The Nasdaq CME Crypto Index (NCI™) has been relaunched, emphasizing governance and regulatory alignment. This benchmark index for institutional investors is built on vetted exchanges and custodians and overseen by a joint governance committee, enhancing transparency.
“Now that we are starting to see regulatory clarity coming to the treatment of crypto assets, particularly in the U.S., the door has been opened for industry participants to bring to the crypto asset class the types of regulated investment solutions that investors rely on every day.” – Sean Wasserman, Head of Index Product Management, Nasdaq.
Nasdaq Head of Index Product Management, Sean Wasserman, and CME Executive Director, Giovanni Vicioso, lead the relaunch. They aim to provide a stable benchmark for institutional products. The index underpins over $1 billion in assets.
The relaunch impacts major cryptocurrencies like Bitcoin and Ethereum, tracked by liquidity and market cap. It strengthens standards in crypto markets, aligning with evolving regulatory frameworks. No direct mention of $NIGHT exists in official materials.
Nasdaq projects a foundational role for the index, expecting it to support a significant number of new ETFs and structured products. This could foster broader market participation and diversify investment strategies within the digital asset space.
Nasdaq’s governance-driven approach might increase institutional confidence. Regulatory clarity is cited as a catalyst for regulated investment solutions. Historical precedent shows potential for increased support for Bitcoin, Ethereum, and large-cap altcoins. Transparency measures enhance credibility in crypto financial products.
