According to BlockBeats, on February 14, Bloomberg introduced the Bloomberg Bitcoin-Gold Hybrid Index Series, which includes the Bitcoin-Gold Equal Weight Index (BBIG) and the Dollar Bitcoin-Gold Equal Weight Index (BBUG). Bloomberg's data reveals that in 2024, the cryptocurrency market attracted over $220 billion in investments, spread across more than 250 ETF products.
The index is designed to combine the growth potential of Bitcoin with the stability characteristics of gold, using a unit-based framework that allows for future modifications and customization based on client needs. Jigna Gibb, Head of Commodity and Crypto Index Products at Bloomberg Index Services Limited, stated that this initiative marks the first of its kind among hybrid indices combining commodities and digital assets.