Zerocap and CoinDesk Indices Unveil Australia’s First CoinDesk 20 Index-Based Crypto Products
- The CoinDesk 20 Index is launching in Australia through Zerocap with a diverse portfolio allocation of 27.4% Bitcoin, 19.1% XRP and 16% Ethereum while excluding memecoins and other specialised tokens.
- The index, which has gained 456% over five years, provides institutional investors with broader market exposure through quarterly rebalancing.
- Despite its strategic diversification benefits, the index faces current market headwinds with a 2.5% decline amid broader crypto market struggles and memecoin concerns.
Don’t like to buy/store/sell crypto yourself and prefer a more hands-off approach? Australian investors will soon have more options than buying exchange-traded funds (ETFs) with the addition of the…
