Brave New Coin Index Governance Committee announces the following items discussed during the BNC October 2024 Quarterly Index Review. Any changes will affect the Bitcoin Liquid Index (BLX), Ethereum Liquid Index and XRP Liquid Index (XRPLX).
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 Tuesday 15th October, 2024, 00:00:00 UTC.
Please see the below public release for full details on this announcement.
