CME Group on Monday rolled out two multi-asset cryptocurrency benchmark indexes, adding a broader reference point for the digital asset market and a separate gauge focused on major tokens outside Bitcoin and Ethereum. The first, the CME CF Emerging Crypto Index, excludes BTC and ETH and tracks 10 assets: BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX and AAVE. The second, the CME CF Crypto Market Index, adds Bitcoin and Ethereum to that same basket.
Both indexes use free-float market-cap weighting and will have constituent reviews and rebalancing every six months. Their real-time versions are calculated once every second on a 24/7 basis, while settlement versions are calculated once a day and published at 4 p.m. in London, New York, and Singapore/Hong Kong.
CME said the methodology for the emerging index requires assets to be custody-eligible, excludes meme coins, and applies a protocol-usage screen based on the ratio of total value locked to total market capitalization. Under the initial inclusion framework, assets that do not yet meet generic U.S. national securities exchange crypto ETF listing standards but are expected to become compliant within 30 days may enter the index with a combined cap of 10%. CF Benchmarks said the index can be licensed for financial products, investment funds, or derivatives.
CME Group on Monday officially launched two multi-asset crypto benchmark indexes: a broad-market measure called the CME CF Crypto Market Index and a second product, the CME CF Emerging Crypto Index, designed to track large digital assets outside Bitcoin and Ethereum.
The CME CF Emerging Crypto Index excludes BTC and ETH and follows 10 assets: BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX, and AAVE. The CME CF Crypto Market Index includes those 10 names and adds Bitcoin and Ethereum.
Methodology and calculation schedule
Both indexes use free-float market-cap weighting, with constituent reviews and rebalancing taking place every six months. Real-time versions are calculated once per second and run around the clock. Settlement versions are calculated once a day and published at 4 p.m. in London, New York, and Singapore/Hong Kong.
Rules for the emerging crypto index
According to the methodology, assets in the emerging index must be eligible for custody, meme coins are excluded, and protocol usage is screened through the ratio of total value locked to total market capitalization.
At initial inclusion, assets that do not yet satisfy generic crypto ETF listing standards for U.S. national securities exchanges, but are expected to become compliant within 30 days, may still enter the index with a combined weight capped at 10%.
Intended use
The index was designed to be investable and may be used for passive fund replication and derivatives settlement. The launch follows CME's earlier move in June, when it introduced Nasdaq CME Crypto Index futures. CF Benchmarks said the emerging index can be licensed for financial products, investment funds, or derivatives.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
