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Finance

Solana Hits Bloomberg Terminal With Galaxy-Backed Index

SOL is only the third crypto with a standalone index developed by Bloomberg-Galaxy.

By Danny Nelson
AccessTimeIconNov 15, 2021 at 4:39 p.m. UTC
Updated May 11, 2023 at 5:51 p.m. UTC
A trader monitors financial data, including a chart of the British pound U.S. dollar price on computer screens on the trading floor at ETX Capital, a broker of contracts-for-difference, in London, U.K., on Tuesday, Dec. 11, 2018. Faced with a Brexit vote she can't win, Theresa May appears to be gambling that running down the clock to a no-deal departure might change the arithmetic in Parliament.

(Chris Ratcliffe/Bloomberg via Getty Images)

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Bloomberg LP and Galaxy Digital on Monday released a Solana index, making SOL only the third crypto asset – after BTC and ETH – with a standalone price tracker developed by the pair.

The launch signals Wall Street investors’ interest in a token that has surged over 11,700% in the past 12 months, according to Messari. Carrying ticker symbol SOL, it went live on Monday across Bloomberg terminals globally, Galaxy Head of Europe Tim Grant said in a LinkedIn post.

More SOL-linked investment products could debut as a result, he said.

Bloomberg and Galaxy have now issued five total crypto indexes since starting their collaboration in 2018.

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Danny Nelson
Danny Nelson

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Follow @realDannyNelson on Twitter

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