What is the Bloomberg Galaxy crypto index?

July 2020 The Bloomberg Galaxy Crypto Index (BGCI) is a benchmark designed to measure the performance of the largest cryptocurrencies traded in USD. The Index is owned and administered by Bloomberg and co-branded with Galaxy Digital Capital Management. KEY FEATURES

What is a cryptocurrency index fund?

A cryptocurrency index fund would theoretically track a certain “index” of cryptocurrency assets. For instance, it may track the prices of the top ten cryptos, the top 100, or even the “total market” for digital assets. Unfortunately, there are no true crypto index funds available today (as of early 2022).

What is the Bloomberg Galaxy Defi index?

The family’s Bitcoin (BTC) and Ethereum (ETH) indices are designed to measure the performance of a single digital assets traded in USD. The Bloomberg Galaxy Defi Index (DEFI) is a capped market capitalization-weighted index targeting the rapidly expanding universe of decentralized finance.

What are the best cryptocurrency indexes?

The most official indexing effort for the cryptocurrency world comes from S&P Dow Jones (the same company behind the infamous S&P 500 index). The company now maintains eight individual indexes following the crypto market. The S&P Cryptocurrency Broad Digital Market Index is perhaps the most useful, as it tracks over 250 top cryptocurrencies.