Liquid Index Series January 2021 Quarterly Review
Brave New Coin Index Governance Committee announces the following items discussed during the BNC January 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
Due to the planned suspension of XRP markets on Coinbase Pro exchange the Index Committee has moved to exclude these markets as constituents of the XRP Liquid Index (XRPLX). This exclusion is not a result of any breach in eligibility criteria by the pricing source (Coinbase Pro) or loss of liquidity in the stated market. Rather proactive exclusion is required to prevent any disruption to the index throughout the trading suspension process. If this market is relisted in the future, the Index Committee will consider re-inclusion at the next quarterly review. The market will complete its 24 hour phase-out period by Thursday 14th January, 02:15:00 UTC.
| Index | Exchange | Market | Reason |
|---|---|---|---|
| XRP Liquid Index (XRPLX) | Coinbase Pro | XRP/USD | Suspension of trading |
The Index Committee will continue monitoring further delistings of XRP markets by LX pricing sources and communicate any additional changes to the index constituents.
Please see the below public release for full details on this announcement.
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