Bloomberg launches Bitcoin Gold Hybrid Index, the first commodity and digital asset composite index

2025-02-14 12:54:27

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ChainCatcher news, according to PR Newswire, Bloomberg has launched the Bloomberg Bitcoin Gold Index Series, which includes the Bitcoin Gold Equal Weight Index (BBIG) and the US Dollar Bitcoin Gold Equal Weight Index (BBUG). Bloomberg data shows that the cryptocurrency market will receive over $220 billion in investments in 2024, distributed across more than 250 ETF products.

The index is designed to combine the growth potential of Bitcoin with the stability characteristics of gold, using a unit-based framework that supports future modifications and customizations based on client needs. Jigna Gibb, Head of Commodity and Crypto Index Products at Bloomberg Index Services LLC, stated that this will be the first of many mixed indices of commodities and digital assets.

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