The 3.0 verse has announced the launch of its most awaited index of the Ethereum Ecosystem – eth15. The eth15 is a broad-based index by market capitalization representing Ethereum – the second largest blockchain with more than 3000 coins. The Base Value of the index is set at 10,000 with its Base Date as July 1, 2022 and rebalanced every quarter.
The eth15, which is the second market benchmark index after IC15 from 3.0 verse, was launched on January 3, 2022. In line with the market benchmark index IC15, eth15 is a transparent and rule-based index that is maintained, monitored, and administered by its Index Governance Committee comprising industry experts, academicians, and ex-regulators.
The eth15, the index of Ethereum Ecosystem, is designed for tracking the market fundamentals and expected to be a lead indicator for economic value added to the global economy. Ether15 has been designed with the objective of:
• Being the true benchmark and a mirror of the underlying crypto market – a barometer of the industry in a sense, with a diversified representation of overall market sentiments.
• Presenting an easy solution to follow for having a diversified portfolio.
• Acting as a performance benchmark for fund managers.
• Facilitating accurate replication of the index and be the preferred index for creation of index linked products like index funds, ETFs, etc.
• Uniquely positioning the index for efficient derivatives trading in the cryptocurrency trading marketplace.
