Singapore-based BingX crypto exchange has unveiled the world's first futures index for tracking altcoins. The ALTCOIN index includes several of the most popular and largest altcoins by market capitalization: ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, SHIB.
The new index from BingX will allow cryptocurrency traders to directly "track trends and evaluate the market using multi-level leverage options and competitive rates," the crypto exchange said in a statement. Users of the site will not need to manage multiple positions at the same time. This will provide an opportunity to reduce risks and diversify assets. 
I think it's a good product and I hope it proves itself well. What do you think?