Bitpanda Launches New Crypto Indices for Long-Term Diversified Portfolios

Bitpanda, a digital investment platform, rolled out at least four crypto indices for investors, providing more options by helping them to diversify their portfolios.

The company seeks to simplify investment in different cryptocurrency projects, such as the metaverse, decentralized finance (DeFi), smart contracts, and infrastructure through new automated crypto indices. 

Through the Bitpanda Crypto Indices, the platform intends to take away the complexities of investing in the cryptocurrency markets by offering users a hands-off approach. 

Eric Demuth, the CEO and co-founder of Bitpanda, said:

“We launched Bitpanda Crypto Indices as a game changer for all people interested in crypto, especially newer investors who didn’t know where to start building their crypto portfolios.”

Initially, Bitpanda established three crypto index products in 2020 to auto-invest in the top 5 to 25 cryptocurrencies depending on popularity determined by liquidity and market size.

Therefore, the new crypto indices intend to render more investment opportunities in evolving spaces like the metaverse and DeFi. Demuth added:

“These four new crypto indices allow people to invest in areas they are passionate about. There’s no hassle, no need to constantly research new crypto projects, just a simple way for everyone to diversify their portfolios.” 

Therefore, Bitpanda sees the new crypto indices as a stepping stone toward offering investors long-term diversified portfolios by being able to purchase multiple assets in emerging areas. 

The firm also acknowledged that the crypto indices would be rebalanced monthly depending on liquidity and market size. 

Meanwhile, the Crypto Price Index (CPI) was touted as a game-changer in the cryptocurrency market, Blockchain.News reported. 

It was anticipated to function like the Dow Jones Industrial Average by offering insights into the trading history of the major blockchain projects.