The Block Supports New Digital Asset Index Firm Amid ETF Boom
GMCI launches GMCI 30, a benchmark index that tracks the market performance of large cryptocurrencies.
The Block, the digital asset industry’s leading information services provider, today announced support from GMCI, along with Wintermute, a digital asset liquidity provider and OTC trading desk. The new company aims to provide comprehensive index products for the cryptocurrency asset management market.
GMCI is led by Maarten Botman, who brings more than 15 years of experience at Optiver to his role as CEO. The company’s board of directors includes Larry Cermak, CEO of The Block, and Evgeny Gaevoy, CEO of Wintermute, leveraging their industry expertise.
The company’s first major initiative is the launch of the GMCI 30 Index, designed to track the price performance of the top 30 cryptocurrency assets, providing a benchmark for evaluating investment returns and market performance for both cryptocurrency and traditional financial investors.
The GMCI 30 flagship index represents the top 30 cryptocurrency assets by market capitalization and is structured to limit the weight of top assets to a maximum of 25% of the total value of the index. An asset must meet certain criteria to be included in the index. The asset must be listed on at least one of the eight selected centralized exchanges (CEX) and supported by at least one of the three selected custodians. There should also be comprehensive market capitalization data available for the asset in question. Detailed index methodology is posted on the GMCI website.
The Block’s industry-leading research team has developed a comprehensive token taxonomy, conducted due diligence on trusted cryptocurrency-related data sources, and devised a computational methodology that seamlessly blends cryptocurrency market insights with traditional data, resulting in GMCI 30 Played a pivotal role in the successful launch of the index. Market analysis.
GMCI plans to expand its index offering beyond GMCI 30 to support a wider range of financial products and investment strategies, including sector-specific indices for digital assets.
The launch of GMCI addresses the growing interest in cryptocurrency-linked financial products, as seen with the introduction of the Bitcoin Spot ETF. Despite this interest, a universal cryptocurrency asset index is missing, which GMCI is trying to fill.
Developed in collaboration with experts in the cryptocurrency and TradFi sectors, GMCI indices are managed according to transparent and rigorous standards. Additionally, the company is committed to BMR compliance to ensure the highest level of integrity and investability.
GMCI’s strategy includes enabling the creation of financial products based on the index, with Wintermute providing liquidity support and The Block facilitating tracking through a dedicated website.
To view current and future indices, visit Block Indexes.
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