Nasdaq Dorsey Wright (NDW) Announces the Addition of Crypto Asset Investments via Bitwise
Nasdaq Dorsey Wright (NDW) acquired the Dorsey Wright Asset Research platform over four years ago with an aim to offer investors asset allocation, portfolio construction, risk management, and idea generation services. The rise of blockchain technology and associated cryptocurrencies in the last decade has impacted many industries across the world hence the recent addition of cryptocurrency assets on the DWA research platform.
The announcement made by NDW confirms that the exchange will offer coverage for over 200 cryptocurrencies at the start of the process. The report further states digital assets will also be available in the famous NASDAQ points and figures charts. NDW is partnering with Bitwise, the first company to offer cryptocurrency based index funds, to see the plan through.
This new addition of cryptocurrencies to NDW offers a new avenue for crypto investors to follow the technical analysis and point charts on the platform. Various top cryptocurrencies are expected to be added including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Ripple (XRP) among others.
The partnership with Bitwise will see NDW track four of Bitwise cryptocurrency indexes which employ rule-based methodologies to track large, medium and small cap assets. The partnership will further incorporate the total market segments of the cryptocurrency market.
The research platform will further factor in crypto specific metrics such as liquidity, regulation status, community growth and security of the platform.
Bitwise monitors the cryptocurrency ecosystem and captures all meaningful hard forks, air drops, and other network distributions pits multiple market makers against one another with the goal of achieving the best possible price when buying or selling digital assets and provides its users with a highly secured platform for the users.