Bloomberg and ’s crypto merchant bank Galaxy Digital Management have launched the Bloomberg Galaxy Crypto Index (BGCI) that will track ten cryptocurrencies from the “largest, most liquid portion of the cryptocurrency market,” reports today, May 9.
The coins to be listed on the index currently are (BTC), (ETH), Ripple, bitcoin Cash, ESO, Litecoin, Dash, Monero, Ethereum Classic, and Zcash. Bloomberg writes that the BGCI offers the “first institutional benchmark for the cryptocurrency market.”
Global Product Manager for Bloomberg Indices, Alan Campbell, said that the “launch of the Bloomberg Galaxy Crypto Index reflects our clients’ growing interest in cryptocurrencies.” Last week, that they would begin trading in bitcoin contracts after being “inundated” with client requests for the service.
At the beginning of April, a former Goldman Sachs executive Galaxy Digital as its new COO. More recently, the owner of the New York Stock Exchange in allowing its customers to hold and sell bitcoin.
Published at Wed, 09 May 2018 17:49:30 +0000
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