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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
(Chris Ratcliffe/Bloomberg via Getty Images)
(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.

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    • 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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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    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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