A streamlined and accessible crypto investing experience, now offering direct investing into crypto sectors
Hedgehog, an SEC-registered robo-adviser that helps investors easily create and automatically manage a diversified crypto portfolio with a dual focus on risk management and growth potential announced a collaboration with CoinDesk Indices (CDI), the leading provider of digital asset indices by AUM since 2014. This collaboration will allow Hedgehog app users direct access to automated investing solutions which seek to track CDI’s crypto sector indices
The Hedgehog app which is available for both iOS and Android, enables users to rebalance at their convenience. Hedgehog’s innovative platform for automated investing will soon feature digital asset sectors represented in the following CDI select sector indices which include computing, culture & entertainment, currency, decentralized finance (DeFi) and smart contract platform. Notably, Hedgehog will also feature exposure to those sectors through a single market solution.
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The CoinDesk Market Select Index (CMIS) is the aggregation of all of these five select sector indices noted below in one index.
- CoinDesk Computing Select Index (CPUS)
- CoinDesk Culture & Entertainment Select Index (CNES)
- CoinDesk Currency Select Index (CCYS)
- CoinDesk DeFi Select Index (DFX)
- CoinDesk Smart Contract Platform Select Index (SCPX)
“Advisors, institutions, and all investor-types alike must effectively manage risk, especially with crypto asset allocation. We believe that this collaboration will further advance the Hedgehog platform and the digital asset ecosystem by bringing more TradFi best practices, like sector investment exposure, to the crypto world,” said Colton Dillion, CEO of Hedgehog. “We are delighted to join forces with CDI and their trusted expertise, which will allow Hedgehog users direct access to five crypto sectors as well as a single market solution to those sectors.”
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“We are pleased to work with Hedgehog as they propel the marketplace forward with automated solutions backed by expertise and experience,” said Andy Baehr, CFA, Managing Director at CoinDesk Indices. “Through rigorous research, impeccable standards for digital asset classification, and meticulously constructed indices that stand apart in the digital assets space, we are proud to provide indices that offer exposure to crypto sectors.”
The sectors are based on CDI’s Digital Asset Classification Standard (DACS), which evaluates and categorizes a broad universe of digital assets into distinct sectors. The constituents within these sectors undergo a screening process to meet certain trading and custody requirements. Those that meet these criteria form the crypto sector indices, designed to measure the performance of some of the most important segments in the liquid digital asset market.
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