Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Two New Blockchain Indexes Now on the Scene

Stockhouse Editorial
1 Comment| August 24, 2021

{{labelSign}}  Favorites
{{errorMessage}}

The Alerian Galaxy Global Blockchain Indexes and Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes launched on Tuesday.

Click to enlargeThey were designed under Galaxy Fund Management, a business segment of Galaxy Digital Holdings Ltd. (TSX: GLXY, Forum), a financial services and investment management firm in the digital asset, cryptocurrency, and blockchain technology sectors.

GLXY partnered with Alerian and S-Network Global Indexes, an index provider that builds index-based investment strategies.

The Alerian Galaxy Global Blockchain Index family includes:

  • The Alerian Galaxy Global Blockchain Equity Index (BLKCHN)
  • The Alerian Galaxy Global Blockchain Equity and Futures Index (BLKCNF)
  • The Alerian Galaxy Global Blockchain Equity, Trusts & ETPs Index (BLKCNP)
  • The Alerian Galaxy Global Blockchain Index (BCHAIN)

The Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index family includes:

  • The Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity Index (CRYPTE)
  • The Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity and Futures Index (CRYPTF)
  • The Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts & ETPs Index (CRYPTP)
  • The Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index (CRYPTO)

Via a media release on the news, the indexes were created to provide exposure to public companies and select investment vehicles that are actively engaged in the rapidly expanding global cryptocurrency and blockchain sectors.

Citing Gartner data, the business value generated by blockchain is expected to reach $176 billion by 2025 and $3.1 trillion by 2030, yet opportunities to access the institutional-grade cryptocurrency and blockchain investment vehicles are limited and the barriers to entry are high.


New to investing in technology? Check out Stockhouse tips on How to Invest in Technology Stocks and some of our Top Technology Stocks.

For more of the latest info on Technology and Blockchain, check out the Technology Trending News and Blockchain Trending News hubs on Stockhouse.



{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today