One of the most generally accepted ways to get the market beta in any asset class is with the largest, most liquid assets that are weighted by size. These types of indices are widely used in asset allocation, risk models, benchmarking, and passive investing. Therefore, the CoinDesk Digital Large Cap Select (DLCS) applies the traditional market index concepts of size and liquidity, along with select eligibility criteria, to cover the digital asset market. Although bitcoin represents less market share than it once did, digital assets are still emerging, so the landscape is heavily concentrated in the currency and smart contract platform sectors as well as BTC and ether (ETH).
