New YorkAnd Jan 19 2022 /PRNewswire/ – Bloomberg and grayscale investments Today I announced the launch of the Bloomberg Grayscale Future Index of Finance, which tracks the rapidly evolving digital economy – specifically the confluence of technology, finance, and digital assets.
The indicator was created using the proprietary Bloomberg Intelligence theme basket The methodology, which is paired with a rigorous, data-driven and transparent construction process with the market expertise of Bloomberg and Grayscale. It includes companies that Bloomberg Intelligence analysts predict will contribute significantly to the growth of the digital economy and its overall revenue over the next two years. The companies representing the “Future of Finance” are ranked in the final basket by three main pillars: Financial Institutions, Digital Asset Infrastructure, and Technology Solutions. In concrete terms, this could include payments, exchanges, asset management, hardware, blockchain/technology, or miners.
“As transformative technologies continue to evolve and revolutionize financial markets, we expect investor interest in these innovations to grow rapidly,” he said. Dave GideonGlobal Head of Multiple Asset Indexes at Bloomberg. “With the launch of the Bloomberg Grayscale Future Index of Finance, investors now have a best-in-class benchmark against which to measure the performance of their current and potential investments in the space.”
The index currently tracks 22 companies and will be rebalanced every three months. Bloomberg clients can access the index using the BGFOF Index and access historical data through it
“The Bloomberg Grayscale Future Index of Finance is uniquely designed as the first structure that leverages analyst oversight to track the companies and technologies shaping the future of financial services,” he said. Michael Sonnstein, CEO of Grayscale. “We are excited to partner with Bloomberg to launch this futuristic index, providing investors with a seamless way to track the progress of companies building the infrastructure that underpins our digital economy.”
Bloomberg provides an independent and transparent approach to indexing to clients around the world. For more information, please visit the website Bloomberg Indicators.
About Bloomberg Index Services Ltd
The Bloomberg Index team has a proven track record of creating industry-standard and detailed indices across asset classes, including market-leading fixed income and commodity indices. Bloomberg Index Services Limited (BISL) takes an innovative approach to provide strategic benchmarks that help market participants meet their evolving needs. As an integral part of Bloomberg, BISL has access to an unparalleled set of trusted data and trusted technology for accounts, analytics, and workflow automation, along with distribution capabilities that can help amplify our customers’ product visibility.
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About grayscale investments
Founded in 2013, Grayscale Investments is the world’s largest digital currency asset manager, with more than $38.2B In assets under management as of January 18 2022. Through its portfolio of investment products, Grayscale provides access to and exposure to the crypto asset class in the form of security without the challenges of outright buying, storing and custodian cryptocurrency. With a proven track record and unrivaled experience, Grayscale products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member of FINRA/SIPC, MSRB Registrar). For more information, please visit grayscale.com and continue Tweet embed.