Solana Hits Bloomberg Terminal With Galaxy-Backed Index

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

Nov 15, 2021 at 4:39 p.m. UTC
Updated Nov 16, 2021 at 12:38 p.m. UTC

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 is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.