Bitcoin Evangelist Michael Novogratz Joins Forces with Bloomberg to Launch Cryptocurrency Index
Former Wall Street executive, Mike Novogratz’s crypto dream is gradually coming to fruition as his cryptocurrency merchant bank. Galaxy Digital LP has struck a strategic partnership deal with Bloomberg to create a cryptocurrency index called the Bloomberg Galaxy Crypto Index (BGCI).
In the May 9 announcement, the firms have stated that the all-new Bloomberg Galaxy Crypto Index would “track the performance” of ten established and most liquid cryptos on the market, including bitcoin, ethereum, EOS, monero, and ripple. Bitcoin and Ethereum are equally weighted at 30 percent, with the index’s methodology not allowing for a weighting higher than 30 percent. Displayed below are the weightings for other cryptocurrencies:
SOURCE:https://btcmanager.com/bitcoin-evangelist-michael-novogratz-joins-forces-with-bloomberg-to-launch-cryptocurrency-index/?utm_source=onesignal&utm_mediu
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