Grayscale Investments is partnering with FTSE Russell, a subsidiary of the London Stock Exchange and a London-based index provider, to enter the cryptocurrency index business. The two companies announced on Tuesday morning that they will jointly launch a product called the "Crypto Sector Index Series," which will include several indices that track the prices of various digital assets according to their use cases. According to the announcement, this will include cryptocurrencies such as Bitcoin and Litecoin as a store of value and medium of exchange, smart contract projects such as Ethereum, Solana, and Polygon, tokens representing financial services such as Uniswap, Compound, and Curve, tokens representing art, gaming, and media assets such as NFT projects, and projects aimed at real-world applications such as Chainlink and Filecoin.