Wintermute Introduces CFD Tied to GMUSA Index, Streamlining Trades on U.S. Crypto Reserve Narrative
Wintermute has unveiled a new contract for difference (CFD) linked to the GMUSA index, offering traders a simplified way to speculate on the concept of a U.S. strategic cryptocurrency reserve.
The Singapore-based derivatives arm of crypto market maker Wintermute, known as Wintermute Asia, has launched this CFD product in connection with the GMCI USA Select Index. This allows market participants to quickly adjust to evolving trends, particularly those surrounding discussions about a potential national digital asset reserve in the U.S.
The GMUSA index monitors the performance of leading cryptocurrency projects that have legally incorporated entities in the United States, weighted based on their circulating supply. Currently, the highest-weighted assets in the index include XRP, Solana’s SOL, and Dogecoin (DOGE). Other notable assets in the index are Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Uniswap (UNI), Hedera (HBAR), Near Protocol (NEAR), Litecoin (LTC), and Aptos (APT). Since Donald Trump’s U.S. presidential election victory in early November, the index has surged by over 160%.
The GMUSA index serves as a benchmark for evaluating investment strategies centered on U.S.-based blockchain projects. By offering a CFD tied to the index, Wintermute provides an efficient mechanism for traders to take long (buy) or short (sell) positions, profiting from price fluctuations without needing to hold the underlying assets. CFDs are widely used in forex and commodity markets due to their flexibility and leverage.
“This marks the first in a series of narrative index baskets that empower traders to seamlessly move in and out of trending market themes without the complexities of individually managing each asset,” Wintermute stated in its announcement.
The launch of this CFD coincides with growing speculation about President Trump’s commitment to establishing a national digital asset reserve, a key talking point during his campaign. While Bitcoin (BTC) is widely regarded as the prime candidate for such a reserve, other voices in the industry—such as Ripple CEO Brad Garlinghouse—advocate for a diversified approach that includes multiple digital assets.
“Discussions about a potential U.S. national digital asset reserve have significantly impacted the valuation of U.S.-based cryptocurrencies. The GMUSA index gives traders structured exposure to this theme, including assets like XRP, SOL, DOGE, ADA, AVAX, LINK, SUI, XLM, HBAR, UNI, LTC, NEAR, and APT,” Wintermute added.
Looking ahead, Wintermute intends to roll out additional narrative-driven indexes, providing traders with innovative tools to express market views, hedge risk, and capitalize on momentum—without the complexities of individually trading each asset.
