Nasdaq Announces Launch of New Bitcoin, Ethereum Indexes

Fazzaco learned that Nasdaq will launch new indexes including the Nasdaq Bitcoin Reference Price (NQBTC) and Nasdaq Ethereum Reference Price (NQETH) on the Nasdaq Global Index Data Service (GIDS), effective June 9, 2021.

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NQBTC and NQETH are two separate single asset indices designed to provide a reference price for associated products. 

The indices are priced according to the process outlined in the methodology document for the Nasdaq Crypto Index (NCI), which involves a multi-source exchange weighted mechanism for determining price. The indices are intended to support actively traded investment products to include ETFs.

Earlier this month, Fazzaco reported that Nasdaq has released its monthly volumes for the month of May, revealing a slight month on month dip for equity derivatives markets. Additionally, the company has acquired a majority stake in Puro.earth​, a leading marketplace for carbon removal. The partnership with Puro.earth will scale the marketplace to address a growing demand for carbon removal by corporations, as well as enable new carbon removal methodologies as technology evolves.