Bloomberg has launched two new investment indices, BBIG and BBUG, that combine Bitcoin and Gold, making them among the first multi-asset indices to combine digital assets with traditional commodities. The BBIG index is an equal-weighted Bitcoin and Gold index, while the BBUG index also includes the US Dollar for added protection. The purpose of these indices is to balance Bitcoin's growth potential with Gold's stability, offering a potential positive diversification tool for multi-asset portfolios. Bloomberg already offers other crypto indices, including those for Bitcoin, Ethereum, and decentralized finance protocols. Although Bitcoin and Gold historically have had nearly zero correlation, Bitcoin tends to eventually follow gold's movements, showing a latent correlation that doesn't appear in real-time.



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