CoinShares Launches Gold and Cryptoassets Index for Traders

CoinShares, a platform that offers “digital investment strategies” for traders, is launching what it calls the CoinShares Gold and Cryptoassets Index. This is a platform that combines the index for gold with that of Bitcoin and is now live on Bloomberg Terminals, according to a press release.

An excerpt from the release notes:

“The CGCI is a novel index designed to have moderate operating costs and provide risk-managed exposure to cryptoassets. The unique construction of the index leverages the characteristics of two asset classes –the high volatility of cryptoassets, the low volatility of gold, and the lack of correlation between the two.”

Since the group’s founding in 2017, they have been working to limit the risk in investing in cryptocurrencies, and trying to combat the volatility in many investors portfolios.

Speaking on the matter is Daniel Masters, the Executive Chairman of CoinShares, who had said:

“Robustly researched and documented index products were the catalyst for institutional adoption of commodities in the late ’90’s through the advent of the Goldman Sachs Commodity Index. This crypto and gold index aims to do the same, by using academic research and its benchmark regulated status to pass muster with even the most stringent investment committees.”

Those interested in more can look at the index on CoinShares.com.