New diversified crypto index has been created by Ritholtz Wealth Management and WisdomTree

Ritholtz Wealth Management and WisdomTree (NASDAQ:WETF) publicized today that the two firms have collaborated to launch the RWM WisdomTree Crypto Index, which intends to deliver market participants access to a diversified exposed group of crypto-assets. The index has been licensed to Onramp Invest and is available for financial advisors using the Onramp technology platform. Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, stated: “Our team is incredibly bullish on digital assets transforming financial services. We’ve hired aggressively to build indexing infrastructure and support for a crypto focused investment strategy.” “The moment of mass adoption for digital assets, blockchain, DeFi, metaverse and web3 technology has arrived,” said Michael Batnick, Director of Research at Ritholtz Wealth Management. The index provides exposure to 13 cryptocurrencies, including Bitcoin (BTC-USD), Ethereum (ETH-USD), Fantom (FTM-USD), Polygon (MATIC-USD), and others. See chart below: The index also provides a broad-spectrum exposure to multiple areas of the crypto ecosystem, including layer-1