By Andrei Skvarsky.
Russian investment company Aton announced on November 11 that it has launched a daily value index of five key cryptocurrencies and a weekly analytical cryptocurrency and blockchain report.
The Aton Crypto Index (ATONCRPT), which is a joint product of Aton and S&P, covers Bitcoin, Ethereum, Binance Coin, Cardano and Ripple, an Aton spokesperson told EmergingMarkets.me by email.
However, changes may be made to this list via planned quarterly reviews, she said.
The index represents about 75 per cent of the total crypto market capitalisation and is calculated in U.S. dollars, according to a statement from Aton.
The analytical report will be issued on Tuesdays and will be accessible only to qualified investors.
The index and report are the responsibility of Aton analyst Valentin Rodionov, who reports to the Moscow-headquartered company’s chief strategist, Alexander Kudrin.
The combined capitalisation of the world’s cryptos has swollen to $3 trillion from about $200bn in 2017.
There are different estimates of how many cryptos there are. Gibraltar-domiciled crypto exchange Currency.com, for instance, puts the number at more than 13,500.
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