Mike Novogratz Partners with Bloomberg on Crypto Index

Former Goldman Sachs trader and bitcoin enthusiast Mike Novogratz has teamed up with Bloomberg to launch the Bloomberg Galaxy Crypto Index; the index is made up of the 10 most liquid cryptocurrencies with bitcoin and ether making up 30 percent, followed by Ripple at 14 percent; Novogratz tells Business Insider, “You’re starting to see more institutional participation, and what they’re looking for is this architecture — here’s an index that will feel like the S&P 500 in a few months, that people can benchmark themselves against.” Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.