Galaxy Digital Launches Solana Price Index

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Bloomberg financial terminals have recently added an index that tracks changes in the price of Solana. The data provider has implemented this initiative with the support of Michael Novogratz’s crypto bank Galaxy Digital.

Tim Grant, head of the European division of the crypto bank, has commented on the launch of the Bloomberg Galaxy Solana Index:

“The initiative will allow the registration of Solana-based products in certain jurisdictions that require a global source of pricing.”

The instrument is denominated in US dollars.

We should remember that in August, partners presented an index that tracks the state of the DeFi sector.

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