Ritholtz Wealth Management (RWM) has joined forces with WisdomTree to launch a new crypto index for retail investors.

Dubbed RWM WisdomTree Crypto Index, the new index will provide retail investors with access and diversified exposure to cryptoassets through a financial adviser.

RWM WisdomTree Crypto Index, which been licensed to Onramp Invest, is available for financial advisers using the Onramp technology platform to manage separate accounts of clients.

It utilises custody infrastructure and crypto-native exchange of the cyptocurrency platform Gemini.

WisdomTree global CIO Jeremy Schwartz said: “WisdomTree is an index developer and innovator at our core. Our team is incredibly bullish on digital assets transforming financial services. We’ve hired aggressively to build indexing infrastructure and support for a crypto focused investment strategy.”

RWM WisdomTree Crypto Index consists of 36% Bitcoin (BTC), 20% Ethereum (ETH) and 4% each of 11 other cryptoassets that offer exposure to the wider crypto ecosystem.

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The index covers layer-1 networks such as smart contract platforms and payment systems, layer-2 protocols, oracle networks, crypto indexing services, decentralised finance (DeFi) as well as the metaverse.

It will follow a modified market capitalisation weighted approach and enable the weights to fluctuate in line with market movements.

An Index Committee will review Index exposures regularly as new cryptoassets become eligible for trading, custody and meet the standards of the Index.

Commenting on the development, Gemini business development and director Kristen Mirabella said: “At Gemini, we are on a mission to empower the individual through crypto—including the advisor community and their clients.

“Today’s announcement brings us one step closer to that goal as we dramatically increase access to digital asset strategies among wealth managers.”