There is a long history of insurers helping to reduce industrial risks, from cars to buildings.

There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets

The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.

Overnight, ADA and XRP led the CoinDesk 20 with half the assets trading higher.

Over the weekend, NEAR and AVAX lead the CoinDesk 20 with only one asset posting a loss.

CoinDesk Indices' XBX is currently the benchmark for $20 billion in ETF assets under management.

The broad crypto price gauge has seen about $5 billion in perpetual futures volume since January.

Aimed at institutional investors, the systematic-based fund will seek to profit off uptrends in crypto markets while sidestepping the downtrends.

Just like equities have the S&P 500 and NASDAQ 100, we now see the emergence of cryptocurrency and digital asset indices.

FIL's market-beating surge to a 12-month high of $8.5 comes on the heels of Filecoin's Feb.