FTSE Russell will launch a cryptocurrency index through a partnership with SonarX

According to a Jan. 28 announcement, FTSE Russell has partnered with blockchain data provider SonarX to create new indices and data products. By providing cryptocurrency-focused data, FTSE Russell plans to "better serve the needs of our institutional client base," said Kristen Mierzwa, head of digital assets at the firm.
More specifically, FTSE Russell plans to use on-chain indicators and market data from various cryptocurrencies to build a fundamentally weighted index, an index that selects its constituents based on fundamental factors. In traditional finance, these indices typically provide benchmarks for passively managed investment funds.