Bullish Stock Spikes After Hours, CEO Says Company’s Bitcoin-Dominated Indexes Could Become ‘MSCI Of Crypto World’
Bullish Inc. (NYSE:BLSH) CEO Tom Farley said Wednesday that the company’s flagship offerings, such as the CoinDesk 5 index, have the potential to become the “MSCI of the crypto world.”
BLSH stock is showing exceptional strength. Get the inside scoop here.
‘Bullish’ On Multi-Token Indices
During the company’s second-quarter earnings call, Farley responded to a query about Bullish’s indices business and plans to turn them into the “MSCI of the crypto world.”
“People are looking for broader sets à la the Dow or the S&P 500 or MSCI’s Emerging Markets Index or something to be able to invest in a broader swath of the market while maintaining Bitcoin as their primary way to invest,” he stated.
CoinDesk 20 is a broad-based index that measures the performance of top cryptocurrencies, with Bitcoin’s (CRYPTO: BTC) weightage at over 30%. The CoinDesk 5 Index tracks the “five largest, most liquid, and investable digital assets” from the broader CoinDesk 20 Index.
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