Solana Hits Bloomberg Terminal With Galaxy-Backed Index

(CoinDesk) Solana Hits Bloomberg Terminal With Galaxy-Backed Index

SOL is only the third crypto with a standalone index, after BTC and ETH.

As reported by CoinDesk, “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.

“This is the first institutional grade pricing source for solana,” Grant said. More solana-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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