Liquid Index Series October 2023 Quarterly Review
Brave New Coin Index Governance Committee announces the following items discussed during the BNC October 2023 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 |
A number of quantitative features are sampled for each constituent market over the last quarter, to monitor liquidity and index health. The order books of constituent markets retained their depth, as did the average number of transactions per day.
Based on the quantitative factors above, the constituent trust factors for each index (BLX, ELX and XRPLX) have been recalculated for the next quarter, with no material differences from last quarter. The BNC Governance Committee has accepted these updated trust factors and will be implemented on Friday 13th October, 00:00:00 UTC.
Please see the below public release for full details on this announcement.
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