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Bloomberg Galaxy Crypto Index | Mike Novogratz | Bitcoin news | Cryptocurrency news | Bloomberg news

Michael Novogratz, a well known hedge fund manager and Bitcoin Billionaire, in coalition with Bloomberg launched aBloomberg Galaxy Crypto Index. The index, consisting of 10 cryptocurrencies at its inception, is being designed for tracking the accomplishment of the largest and the most liquid coins.

Galaxy Digital Capital Management in consonance with the Bloomberg has on Wednesday announced the launching of Bloomberg Galaxy Crypto Index (BGCI), a cryptocurrency benchmark index.

Constituent coins are capped at 30% of the total and can’t be less than 1%, Novogratz said in a Tuesday interview. The Bloomberg Galaxy Crypto Index will be rebalanced monthly.

The Galaxy Digital Capital Management LP is an asset management firm who are resolute to the digital currency and blockchain field. The founder of the firm is Michael Novogratz, a former Principal and also C...

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