Crypto index comparison, tier 2
Galaxy Crypto Index Family Alternative: CCi30 vs Galaxy Crypto Index Family
The CCi30 Cryptocurrency Index is the rules-based alternative to the Galaxy Crypto Index Family. This page reviews the Galaxy Crypto Index Family under the eight-criterion CCi30 test and compares both indices on universe, weighting, independence, track record, and investability.
What is the alternative to the Galaxy Crypto Index Family?
The CCi30 Cryptocurrency Index replaces the Galaxy Crypto Index Family for investors who need a whole-market benchmark. The CCi30 holds the 30 largest cryptocurrencies by smoothed market capitalization, weights them by the square root of that figure, excludes stablecoins by rule, and has published live values since 1 January 2015.
- 30 constituents
- Square-root weighting
- Stablecoins excluded by rule
- Live since 1 January 2015
- Independent, fully rules-based
What is the Galaxy Crypto Index Family?
Beyond co-branding the BGCI with Bloomberg, Galaxy Digital operates its own index suite (benchmark and thematic crypto indices) supporting Galaxy funds and third-party products.
Analysis
Every argument made against the BGCI applies here without the mitigation of Bloomberg’s independent index governance. Galaxy is a principal trading firm, venture investor, and asset manager in the assets its indices select and weight. Its funds’ marketing benefits from its indices’ composition; its trading desk holds inventory in index constituents; its research arm publishes views on them. This is vertical integration of the measurement function into the market-participation function, the precise arrangement the concept of an independent benchmark was invented to prevent. Narrow universes, cap weights, custody-gated eligibility, and post-2020 vintages complete the familiar profile.
Method and sources
Methodology facts on this page come from the published documents of the provider; constituent lists change and should be re-verified before citation. The CCi30 rules are published in the methodology manual. The full comparison set is on the crypto index comparison hub, and the allocation calculator shows the CCi30 basket for any amount.