NASDAQ is planning to add new, third-party liquid indices, specifically tied to the value of bitcoin and ether.
Details were released on affiliate site nasdaqtrader.com, a domain name owned by The Nasdaq, Inc. The site claims that the two indices “are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD.” To determine the most accurate possible value for these indices, the relative value of the BTC index “has been calculated back to 2010” and ETH to 2014.
A common tool in financial markets, a stock index (or liquid index in the case of non-stock assets such as cryptocurrencies) helps investors describe the value of a market and its changes over time. Although the index itself is not a product that investors can purchase or have a direct relationship with, it…