YCharts, a modern investment research platform that enables smarter investments, announced it has added cryptocurrency data to its robust economic data set. At no additional cost, wealth advisors leveraging YCharts can now track, compare and understand current and historical end-of-day pricing data for the top 25 cryptocurrencies by market cap.
YCharts users can compare traditional assets to cryptocurrencies, understand how relevant mutual funds and ETFs track against cryptocurrencies and research new opportunities to diversify investments with exposure to cryptocurrencies.
While cryptocurrencies are a polarizing topic for todays wealth advisors, it is indisputable that their clients are asking about it, said Sean Brown, CEO of YCharts. Consistent with our mission to enable our clients to make smarter investment decisions, we believe adding cryptocurrency data at no additional cost is crucial to responding to the needs of advisors within our user base and providing them with the necessary resources to support their clients.
With pricing data for leading cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin now available in YCharts, advisors can use this pricing data as economic indicators in the digital asset market. Potential use cases include comparing Bitcoin ETFs to Bitcoin, understanding the potential risks and benefits of exposure to Bitcoin and comparing cryptocurrencies to other asset classes as part of a diversification analysis. With historical data on cryptocurrencies now available in YCharts, users can also compare cryptocurrencies to oil, stocks, bonds, etc. to check volatility.
“As we continue to field questions from our clients who are evaluating exposure to cryptocurrencies, were thrilled that YCharts has added the data to its platform, said Stuart Kruse, CEO of Kruse Asset Management. YCharts serves as a one-stop shop for our data needs, and now, in offering cryptocurrencies, is further demonstrating its ability to quickly respond to client needs by adding to the value we derive from the tool.
The cryptocurrency pricing data is readily available in YCharts. To access this data, simply create an account or log in to a preexisting YCharts account.
