Liquid Index Series April 2021 Quarterly Review
Brave New Coin Index Governance Committee announces the following items discussed during the BNC April 2021 Quarterly Index Review. This change will affect the Bitcoin Liquid Index (BLX), Ethereum Liquid Index and XRP Liquid Index (XRPLX).
Index Name | Nasdaq GIDS Ticker | Reuters Instrument Code |
---|---|---|
Bitcoin Liquid Index (BLX) | INDEXNASDAQ:BLX | BTCINX=BNC |
Ethereum Liquid Index (ELX) | INDEXNASDAQ:ELX | ELXINX=BNC |
XRP Liquid Index (XRPLX) | INDEXNASDAQ:XRPLX | XRPINX=BNC |
Exchange Exclusion
EUR FX Rates:
As a result of low liquidity when compared to existing market constituents and volatile weekend fx rates which can introduce inaccuracy to the index, the BNC Governance Index Committee approved the decision to remove all EUR market constituents from the LX Index Series. The below markets will start its 24 hour phase-out period on Wednesday 14th April, 00:00:00 UTC.
Index | Exchange | Market |
---|---|---|
Bitcoin Liquid Index (BLX) | Coinbase Pro | BTC/EUR |
Bitcoin Liquid Index (BLX) | Kraken | BTC/EUR |
XRP Liquid Index (XRPLX) | Bitstamp | XRP/EUR |
XRP Liquid Index (XRPLX) | Kraken | XRP/EUR |
itBit (Paxos) Exchange:
The Bitcoin Liquid Index will also delist the following constituent and market pairs. The market will complete its 24 hour phase-out period by Wednesday 14th April, 00:00:00 UTC.
Index | Exchange | Market |
---|---|---|
Bitcoin Liquid Index (BLX) | ItBit (Paxos) | BTC/USD |
Exchange Inclusion
Due to the high level of liquidity and order book depth providing tighter spreads and lower slippage, the BNC Governance Index Committee has approved to include Bitfinex as a pricing source in the LX Series. The markets will complete its 24 hour phase-in period on Wednesday 14th April, 00:00:00 UTC.
Index | Exchange | Market |
---|---|---|
Bitcoin Liquid Index (BLX) | Bitfinex | BTC/USD |
Ethereum Liquid Index (ELX) | Bitfinex | ETH/USD |
XRP Liquid Index (XRPLX) | Bitfinex | XRP/USD |
Please see the below public release for full details on this announcement.
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