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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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