CME Launches Crypto Index That Excludes Bitcoin and Ether

The 10-asset emerging benchmark is free-float market-cap weighted, with real-time pricing and London, New York and Asia-Pacific settlement variants.

CME Group made two multi-asset cryptocurrency benchmarks live Monday, adding both a broad-market gauge and a separate index designed to measure large crypto assets outside bitcoin and ether.

The more differentiated of the pair, the CME CF Emerging Crypto Index, excludes bitcoin and ether and tracks 10 assets: BNB, XRP, SOL, HYPE, LINK, Lumens, SUI, UNI, AVAX and AAVE. The companion CME CF Crypto Market Index holds the same 10 assets plus bitcoin and ether, according to CME’s index FAQ.

CME says each real-time version is calculated every second, 24 hours a day. Settlement variants are calculated once daily and published at 4 p.m. in London, New York and Singapore/Hong Kong.

The emerging index seeks the 10 largest qualifying assets outside bitcoin and ether. It uses free-float market-cap weighting, so assets with a larger market value of tokens available to trade exert more influence, and is reconstituted and rebalanced semiannually on the first business day of June and December.

The broad index targets 12 qualifying assets, with bitcoin and ether remaining eligible. It also uses free-float market-cap weighting and the same semiannual review schedule.