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