The MarketVectorTM American Crypto Leaders Index (MAGA10) stands as the only major digital asset index that has remained significantly positive since Donald Trump’s election victory, outperforming both the top 100 equal-weighted digital assets and Bitcoin itself.

Source: MarketVector. Data as of March 2, 2025.

This highlights its unique positioning in capturing the most relevant U.S.-anchored digital assets benefiting from the shifting regulatory and macroeconomic landscape.

 

From Policy Uncertainty to Strategic Adoption

Recent developments underscore a newfound alignment between U.S. regulatory policy and the broader crypto industry. The coming March 7th White House Crypto Summit signals an unprecedented commitment to integrating digital assets into the financial system. Headlines ranging from the SEC dropping multiple lawsuits to speculation about the expansion of a U.S. strategic crypto reserve all point toward a more accommodative stance.

This shift is reminiscent of Mario Draghi’s famous “whatever it takes” speech in 2012, which set the stage for the stabilization of European financial markets. In the same way, the mere commitment to a pro-crypto regulatory framework may be as important as the concrete actions themselves. If this policy direction holds, it is likely to provide a strong support level for digital asset valuations, much like Draghi’s words did for sovereign debt markets.

 

The Case for a U.S.-Centric Crypto Exposure

The MarketVectorTM American Crypto Leaders Index (MAGA10) is designed to capture the top 10 largest and most liquid digital assets domiciled in the United States. Crucially, domicile is determined not by foundation registration—often chosen for tax and regulatory arbitrage—but by where actual development and operational headquarters are based. This approach ensures exposure to projects with strong U.S. economic and institutional ties, rather than those merely leveraging offshore jurisdictions for issuance.

This distinction is increasingly important as U.S. regulatory clarity improves. A regulatory-compliant, U.S.-anchored crypto ecosystem stands to benefit disproportionately from capital inflows, institutional adoption, and potential government-backed initiatives such as the rumored expansion of the U.S. crypto reserve.

 

MAGA10’s Top Components: The Leading U.S. Crypto Assets

The index currently includes the following top 10 components:

  1. XRP (30.93%)
  2. Solana (SOL) (30.49%)
  3. Hedera Hashgraph (HBAR) (6.52%)
  4. Chainlink (LINK) (6.39%)
  5. Stellar Lumens (XLM) (6.22%)
  6. Avalanche (AVAX) (5.99%)
  7. Sui (SUI) (5.82%)
  8. Uniswap (UNI) (2.91%)
  9. Near (NEAR) (2.45%)
  10. Aptos (APT) (2.28%)

These assets represent the most prominent blockchain projects with deep operational and development roots in the United States.

 

Macro Tailwinds and Market Positioning

  1. Institutional Legitimization: With a pro-crypto SEC, a favorable White House, and dropping enforcement actions, digital assets are transitioning from speculative instruments to mainstream financial assets.
  2. Liquidity and Market Depth: The MAGA10 methodology prioritizes size and liquidity, ensuring the inclusion of assets best positioned to benefit from institutional adoption.
  3. Regulatory Protection: As U.S. policymakers pivot toward engagement rather than enforcement, compliant projects are likely to enjoy an operational edge over offshore competitors.
  4. Potential Reserve Inclusion: If the U.S. government expands its strategic crypto holdings beyond Bitcoin, projects with strong American operational footprints stand to benefit first.

 

The Crypto Reserve: A Potential Catalyst for MAGA10

A major development supporting this thematic play is the recent announcement by President Donald Trump regarding the formation of a U.S. Crypto Reserve. “On Sunday, Trump said bitcoin and ethereum would be ‘the heart of the reserve’, adding that it would also include solana, XRP and cardano. ‘I will make sure the US is the Crypto Capital of the World,” he wrote on Truth Social. “We are MAKING AMERICA GREAT AGAIN!’ ”[Ft.com, March 2, 2025]. If implemented, such a reserve could provide significant tailwinds for projects included in the MAGA10 index, particularly those already mentioned in Trump’s statement.

 

Conclusion: A Thematic Play for the Next Market Cycle

While short-term price fluctuations dominate the headlines, long-term structural changes are shaping the future of digital assets. The MAGA10 index offers investors a targeted way to gain exposure to the most established and liquid U.S.-based digital assets, aligning with both macroeconomic and regulatory tailwinds.

 

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About the Author:

Martin Leinweber works as the Director of Digital Asset Research and Strategy at MarketVector providing thought leadership in an emerging asset class. His role encompasses product development, research, and communication with the client base of MarketVector. Before joining MarketVector, he worked as a Portfolio Manager for equities, fixed-income, and alternative investments for almost 20 years. Martin was responsible for the management of active funds for institutional investors such as insurance companies, pension funds, and sovereign wealth funds at the leading German quantitative asset manager Quoniam. Previously, he held various positions at one of Germany's largest asset managers, MEAG, the asset manager of Munich Re and ERGO. Among other things, he contributed his expertise and international experience to the establishment of a joint venture with the largest Chinese insurance company PICC in Shanghai and Beijing. Martin is co-author of “Asset-Allokation mit Kryptoassets. Das Handbuch “(Wiley Finance, 2021). It’s the first handbook about integrating digital assets into traditional portfolios. He has a Master of Economics from the University of Hohenheim and is a CFA Charter holder.

 

For informational and advertising purposes only. The views and opinions expressed are those of the authors but not necessarily those of MarketVector Indexes GmbH. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts, and other forward-looking statements, that do not reflect actual results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. MarketVector Indexes GmbH does not sponsor, endorse, sell, promote, or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. The inclusion of a security within an index is not a recommendation by MarketVector Indexes GmbH to buy, sell, or hold such security, nor is it considered to be investment advice.