The Crypto 10 Index represents a basket of the top 10 largest and most liquid cryptocurrencies by market capitalisation. This index serves as a benchmark for the broader cryptocurrency market, reflecting the performance of a significant portion of the digital asset space.
The common constituents on the Crypto 10 Index includes Bitcoin and Ethereum, alongside others that meet specific criteria for market capitalisation and trading volume. The composition of the index is typically reviewed and rebalanced periodically to ensure it accurately reflects the leading cryptocurrencies. The price of the index is highly influenced by market sentiment, technological developments, regulatory news, and adoption rates within the cryptocurrency ecosystem.
The index, which is also referred to as the BITA Crypto 10 Index, offers investors broad exposure to leading cryptocurrencies and allows for speculation on market movements in both directions. It also eliminates the need for crypto custody or wallets and provides access to leverage for enhanced trading opportunities. Further details about the index can be found
here.
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