In partnership with the investment Fund Mike Novogratz Galaxy Digital Capital Management LP company Bloomberg launched a new cryptocurrency Bloomberg Galaxy Crypto Index under the Ticker BGCI to track the dynamics of the market capitalization of the 10 most liquid digital currencies, including bitcoin, Ethereum, Monero, Ripple, zcash for Bitcoin Cash, EOS, Litecoin, and Ethereum Dash Classic.
So excited to announce our partnership with Bloomberg. The herd is on the move. This is an important piece of the institutional architecture that accounts need to treat crypto as a new asset class. https://t.co/TRSY97XjCl
— Michael Novogratz (@novogratz) 9 may 2018.
Billionaire Mike Novogratz convinced that the launch of the new index is an important step to making institutional investors a new asset class.
“Today’s launch of the index BGCI reflects the growing interest of our clients to cryptocurrency”, — said senior Manager of Bloomberg on indices of Alan Campbell.
Recall that the analytical Agency Fundstrat Global Advisors LLC has launched five additional price indexes for cryptocurrency investors: Commodities, Platforms, Privacy, Exchanges, and Stablecoins. These indices, according to the organization, include 75% of the total capitalization of the cryptocurrency market.
Earlier in the system Terminal Bloomberg added prices Ethereum, Ripple and Litecoin.