CME launches crypto indexes tracking XRP, SOL, HYPE and other altcoins

CME Group has launched two multi-asset cryptocurrency benchmarks, including a 10-token index that leaves out Bitcoin and Ether and tracks assets such as BNB, XRP, Solana and Hyperliquid. Summary CME launched two crypto benchmarks, including a 10 token index that excludes Bitcoin and Ethereum. The Emerging Crypto Index tracks BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX and AAVE. Both indexes use free float market cap weighting and are reviewed twice a year in June and December. Real time index values are calculated every second, while daily settlement versions are published across three regions. The benchmarks can be licensed for investment funds and derivatives, extending CME’s push into multi asset crypto products. According to CME Group’s index documentation, the CME CF Emerging Crypto Index and CME CF Crypto Market Index went live Monday, giving market participants separate measures for large crypto assets outside Bitcoin and Ether and for the crypto market including the two largest cryptocurrencies. Now live: Two new Multi-Asset Indices for cryptocurrency tracking, developed with @CFBenchmarks: 🔹 CME CF Crypto Market Index (includes bitcoin & ether)🔹 CME CF Emerging Cryp...