TL;DR
- GMCI launched the USA Select Index, which tracks 13 U.S.-based cryptocurrencies, including XRP, SOL, and DOGE.
- The index has increased by more than 180% since its creation, rising from $95 to $269.04 in January 2025.
- The index reflects renewed interest in cryptocurrencies in the U.S., driven by political and regulatory developments.
GMCI has launched its USA Select Index, a new index that tracks U.S.-based cryptocurrency protocols. This index is composed of 13 assets, including XRP, SOL, and DOGE. Since its creation, the index has been very successful, increasing by over 180% in value since November, rising from $95 to $269.04 as of January 24, 2025.
The primary goal of the index is to serve as a benchmark for cryptocurrency investment strategies focused on the U.S. market. With XRP, SOL, and DOGE representing approximately 66% of its composition, other assets such as LINK, AVAX, SUI, ADA, and LTC are also part of it. This approach aims to facilitate tracking the evolution of cryptocurrencies operating within the U.S. regulatory framework.
Is that how the future U.S. digital asset stockpile will look like? 🤔 We wouldn't mind. https://t.co/GgqwtM70Ac
— GMCI (@gmci_) January 30, 2025
The launch coincides with several political developments that have influenced its rise. The recent executive order by President Trump, supporting U.S. leadership in the crypto industry, has increased attention on domestic protocols. Additionally, the regulatory clarity provided by the new administration and the creation of a task force at the SEC dedicated to cryptocurrencies could strengthen investor confidence in U.S.-based digital assets.
GMCI: A New Future for the Crypto Industry in the U.S.
Renewed interest in cryptocurrencies in the U.S. has been reflected in the growth of crypto apps. Which have reached new heights in app store rankings. At the same time, institutional investors are showing an increase in transaction volumes, especially in Bitcoin and Ethereum ETFs. This shift in the landscape could also indicate that more crypto projects are considering focusing their efforts on the U.S. market.
With the USA Select Index, GMCI provides a useful tool to assess whether other cryptocurrencies and protocols will choose to focus on this market. In the past, many crypto companies had restricted access to U.S. users, but changes in the regulatory environment could lead to greater inclusion of this market in future projects.
