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.