Galaxy Digital partners with Alerian to launch eight crypto-focused blockchain indexes

0
8678

Galaxy Digital Holdings has partnered with Alerian and S-Network Global indexes to launch eight crypto-focused blockchain indexes.

Galaxy Digital Holdings has teamed up with Alerian and S-Network Global indexes to launch eight crypto-focused blockchain indexes. According to a recent announcement, both companies have launched two crypto index families named “Alerian Galaxy Global Blockchain Indexes” and the “Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes,” which the eight offerings are listed under. The passive indexes offer exposure to “public companies and select investment vehicles” that are actively engaged in the crypto and blockchain sectors.   

The indexes are rebalanced monthly and equally weighted.

Passive indexes offer exposure to companies such as crypto miners, companies that hold crypto on their balance sheets, infrastructure tech developers, and blockchain researchers. The indexes are rebalanced monthly and equally weighted. “Our goal is to continue to empower investors with seamless, institutional, and innovative access points to the emerging digital assets ecosystem,” said Steve Kurz, Partner and Head of Asset Management at Galaxy Digital. The Alerian Galaxy Global Cryptocurrency-Focused Blockchain CRYPTO Index is among the eight new products, which tracks crypto firms such as Square Inc, Coinbase, Voyager Digital, Argo Blockchain, and Marathon Digital holdings, to name a few.

Galaxy Digital partnered with Bloomberg to launch the DeFi index. 

As reported earlier, the US-based financial services and investment management company Galaxy Digital and Bloomberg yesterday announced the launch of the Bloomberg Galaxy DeFi Index (ticker: DEFI). According to Bloomberg, the company has expanded its crypto offering to meet the growing demand for decentralized finance products. In an official announcement, Bloomberg revealed that Galaxy Fund Management, Galaxy Digital’s funds platform, is now offering the Galaxy DeFi Index Fund. DeFi sector saw immense growth in the first half of the current year. Leading DeFi assets, including UNI, AAVE, MKR, and COMP, have seen substantial gains since the start of 2021. 

Source: coinnounce.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here