Crypto Asset Management has launched the first professional cryptocurrency index. It’s called the CAMCrypto30 index. Find out how it works today in our review.
What Is CAMCrypto30 Index?
The CAMCrypto30 index is a professional cryptocurrency index designed to measure the overall value of the cryptocurrency industry. Just like the Dow Jones Industrial Average measures America’s most important stocks, the CAMCrypto30 index is designed to provide at-a-glance information about the overall health of the sector.
The index consists of an open, published, rules-based index of the top 30 cryptocurrencies by market capitalization, including everything from Bitcoin, Bitcoin Cash, and Ethereum at the top to Vertoin, Ardor, and BitShares at the bottom.
The CAMCrypto30 index has been in headlines this past week after it passed 1,000 for the first time in history, reaching the mark on November 14, 2017. The initial value of the index on January 1, 2017 was 100.
How Does CAMCrypto30 Index Work?
The CAMCrypto30 index follows the industry-standard rules of the Russell FTSE indices as adjusted for the cryptocurrency space. Monthly re-weighting ensures that the CAMCrypto30 index accurately represents the underlying crypto market, including an accurate representation of the market cap and weighting of each currency.
The index is updated automatically every 5 minutes. You can check the index yourself online today at CAMCrypto30.com/index.
Overall, CAMCrypto30 is the first professional cryptocurrency index. Like other indices, it’s designed to immediately adapt as the market evolves. The index’s performance is indicative of broad shifts in investor behavior, and provides anyone with at-a-glance information about the health of the market.
One of the useful things about CAMCrypto30 is that it provides a context for all cryptocurrency related information. When someone tells you Litecoin has gained 700% since the start of 2017, for example, that may sound significant – until you realize the overall market (as measured by the CAMCrypto30 index) went up 800%, which puts the gains of Litecoin in context.
Another unique thing about CAMCrypto30 is that it’s rebalanced monthly – not quarterly. Typically, traditional equity indices are rebalanced quarterly, although the CAMCrypto30 index chose monthly rebalances to reflect the fast-moving cryptocurrency world.
About Crypto Asset Management
The CAMCrypto30 index was created by Crypto Asset Management, or CAM, an asset and fund management company incorporated in Delaware, United States.
The primary purpose of the company is to manage the Crypto Asset Fund. The CAMCrypto30 index is totally separate from the company’s investment vehicle, and the CAMCrypto30 index has its own website.
The Crypto Asset Management fund has a minimum investment of $25,000, with a fee structure of 2.5% on funds committed. However, fees are not charged on returns, since there is no discretionary management involved in tracking the index (they just re-balance it based on market cap).
How To Read The CAMCrypto30 Index
You can view the CAMCrypto30 index here: https://www.crypto30.com/index/
The index features the top 30 most popular cryptocurrencies by market cap. You get an at-a-glance look at each currency’s price, its changes over time, and its current market cap. You can also view the rise in the index over time, including in one week, one month, and 6 month increments, or the entire history of the index.
Today, the index contains Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, NEO, BitConnect, NEM, Monero, IOTA, Ethereum Classic, Cardano, Qtum, OmiseGO, Zcash, Lisk, Stellar Lumens, Hshare, EOS, Stratis, Waves, Bytecoin, Ark, Steem, Komodo, Vertcoin, Ardor, Augur, and BitShares.
Obviously, the currencies within the index will shift over time as they enter and leave the top 30 cryptocurrencies by market cap.
Today, equity indices like the Dow Jones Industrial Average give us at-a-glance information about the health of the stock market. The CAMCrypto30 index, launched by Crypto Asset Management, LLC, aims to provide similar services to the cryptocurrency industry.
The index just passed 1,000 after starting the year at 100. To learn more about the index, visit online today at crypto30.com