NYSE to Launch Bitcoin Tracking Product in Collaboration With CoinDesk Index

IconCryptoNewsTerminal Staff29 May, 2024

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NYSE to Launch Bitcoin Tracking Product in Collaboration With CoinDesk Index

The New York Stock Exchange (NYSE) is set to launch a new product that will track the price of bitcoin. The product, which is being developed in collaboration with CoinDesk, will be called the NYSE Bitcoin Index. It will be a real-time, composite index that tracks the price of bitcoin across a variety of exchanges. The NYSE Bitcoin Index will be the first of its kind to be launched by a major stock exchange. It is expected to provide investors with a more accurate and reliable way to track the price of bitcoin. The launch of the NYSE Bitcoin Index is a significant development for the cryptocurrency market. It is a sign that the NYSE is taking bitcoin seriously and is committed to providing investors with access to bitcoin-related products. The NYSE Bitcoin Index is expected to be launched in the coming weeks.

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