On-chain digital asset management platform Hashnote has partnered with CoinDesk Indices to launch the Hashnote CoinDesk 20 Fund, which tracks the global digital asset benchmark CoinDesk 20 Index.
The CoinDesk 20 Index tracks a selection of the world's largest and most liquid digital assets. Utilising a market-capitalisation weighted methodology with a 30% cap on its largest constituent, bitcoin, and a 20% cap on other members (currently Eeher), the index aims to enhance diversification.
The index provides exposure to memecoins like dogecoin and Shiba Inu and captures over 90% of total digital asset market capitalisation, according to a press release.
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