Indices on cryptocurrencies: an evaluation

Abstract Several cryptocurrency (CC) indices track the dynamics of rising CC sector, and soon ETFs will be issued on them. We conduct a qualitative quantitative evaluation currently existing indices. As sector is not yet consolidated, index issuers face challenge tracking fast-growing that under continuous transformation. propose several criteria various measures to compare review. Major differences between lie in their weighting schemes, coverage CCs number constituents, level transparency, thus, accuracy mapping sector. Our analysis reveals simple market cap-weighted outperform competitors. Interestingly, increasing constituents does automatically lead better fit All codes are available "Image missing".