Milky way Digital Holdings has teamed up with Alerian and Due south-Network Global indexes to launch eight crypto-focused blockchain indexes.

According to an Aug. 24 announcement, the duo take launched two crypto index families named "Alerian Galaxy Global Blockchain Indexes" and the "Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes," which the viii offerings are listed under.

The passive indexes offer exposure to "public companies and select investment vehicles" that are actively engaged in the crypto and blockchain sectors, such as crypto miners, companies that hold crypto on their balance sheets, infrastructure tech developers and blockchain researchers. The indexes are rebalanced monthly and equally weighted.

"Our goal is to keep to empower investors with seamless, institutional, and innovative access points to the emerging digital assets ecosystem," said Steve Kurz, Partner and Head of Asset Direction at Galaxy Digital.

Amidst the eight new products is the Alerian Galaxy Global Cryptocurrency-Focused Blockchain CRYPTE Index, which tracks crypto firms such every bit Square Inc, Coinbase, Voyager Digital, Argo Blockchain and Marathon Digital holdings to proper noun a few.

While the Alerian Galaxy Global Blockchain Index (BCHAIN) tracks Microsoft, Grayscale'due south Bitcoin and Ethereum Trusts, Facebook and Mastercard. Other Indexes included are BLKCHN, CRYPTP and BLKCNP.

Earlier this calendar month Galaxy expanded its offerings via a partnership with Bloomberg to launch a DeFi index that tracks projects such as Uniswap (UNI), Aave (AAVE) and Compound (COMP).

Milky way initially partnered with Bloomberg back in 2022 to release a crypto criterion index that tracks ten of the top cryptocurrencies in terms of liquidity.

Related: Bloomberg strategist explains why 30-year Us bonds have 'bullish implications' for Bitcoin

Cointelegraph reported on Aug. xviii that Galaxy posted a Q2 loss of $175.viii million. Speaking in a conference telephone call regarding the results, the firm's founder and CEO Mike Novogratz was unfazed past the results. He cited factors such equally increased counterparty trading volume and strategic blue-fleck partnerships equally reasons to remain bullish and said the goal was adoption.

"We view the adoption battle as a hard i, stickier, and more financially impactful over fourth dimension than short-term cost moves," he said.