Bloomberg

Bloomberg L.P. is a privately held financial data, software, and media company founded in 1981 by Michael Bloomberg and headquartered in New York City. The company serves as critical institutional infrastructure for Solana's growing presence in regulated capital markets, primarily through the Bloomberg Solana Index launched on March 3, 2025. This benchmark index, constructed and maintained by Bloomberg Index Services Limited under applicable global benchmarks regulations, measures the performance of Solana (SOL) denominated in USD and serves as the reference benchmark for ProShares' Ultra Solana ETF (ticker: SLON), which launched on NYSE Arca in July 2025. SLON seeks to deliver 200% of the daily performance of the Bloomberg Solana Index using regulated derivatives exposure. A recognized, independently administered benchmark was a regulatory prerequisite for this product class: US regulators require that single-asset digital asset ETFs reference a pricing benchmark meeting standards for transparency, methodology, and independence -- the same infrastructure framework already established for Bitcoin and Ethereum ETFs. Bloomberg's March 2025 Solana Index launch came roughly six months before the first spot Solana ETFs went live in October 2025, reflecting deliberate preparation of institutional product infrastructure ahead of regulatory approval. Bitwise's BSOL spot Solana ETF recorded approximately 69 million dollars in first-day inflows at launch, among the strongest ETF debut numbers that year. In March 2026, the SEC and CFTC jointly classified Solana as a digital commodity alongside Bitcoin, Ethereum, and XRP, further cementing SOL's standing as an institutional-grade asset. The Bloomberg Solana Index joins the broader Bloomberg Single Digital Asset Index Family, which also includes the Bloomberg Bitcoin Index (launched March 2024), Bloomberg Ethereum Index (March 2024), Bloomberg XRP Index (June 2025), Bloomberg ADA Index (September 2025), Bloomberg Chainlink Index (March 2026), and Bloomberg Stellar Index (March 2026), all formally consolidated into this family as of September 17, 2025. All indices use Digital Asset Research (DAR) pricing based on a 30-minute TWAP prior to a 4pm close time using data from vetted exchanges only. Beyond single-asset indices, Bloomberg co-developed the Bloomberg Galaxy Crypto Index (BGCI) with Galaxy Digital Capital Management in 2018, one of the most widely referenced multi-asset crypto benchmarks. The BGCI measures the largest USD-traded cryptocurrencies subject to two key constraints: no constituent may represent more than 35% or less than 1% of the basket. Current constituents include Bitcoin, Ethereum, Solana, Avalanche, Polkadot, Chainlink, Litecoin, Stellar, and Sui Network; Bitcoin, Ethereum, and Solana together represent approximately 88% of the basket, and the index rebalances monthly. Bloomberg has further extended this product family with the Bloomberg Galaxy DeFi Index and Bloomberg Cryptocurrency Volatility Target Indices, which dynamically adjust exposure between a benchmark and a cash component to target a specified volatility level. On the data infrastructure side, Bloomberg Terminal now covers the top 50 crypto assets including Bitcoin, Ethereum, and Solana, providing institutional users with real-time intraday pricing, futures data, and crypto indices without leaving the Terminal environment. In January 2026, Token Terminal launched its Crypto Fundamentals application on the Bloomberg App Portal as the first Digital Assets application of its kind for Bloomberg, delivering standardized financial statements and revenue metrics for more than 100 blockchains and thousands of decentralized applications -- including Solana -- translated into traditional KPIs such as P/E and P/S ratios familiar to institutional analysts. In August 2024, Bloomberg Terminal also integrated prediction market data from Polymarket, the Polygon-based decentralized prediction platform. In February 2026, Bloomberg introduced ASKB, a conversational AI interface enabling natural-language queries across its full data infrastructure. Bloomberg was co-founded by Michael Bloomberg in 1981 alongside Thomas Secunda, Duncan MacMillan, and Charles Zegar; the company renamed itself from Innovative Market Systems to Bloomberg L.P. in 1986. Merrill Lynch became its first customer, taking a 30% equity stake for 30 million dollars, and the Bloomberg Terminal was first deployed in December 1982. The company today employs approximately 26,000 people across more than 129 countries, with approximately 350,000 Terminal subscribers and roughly one-third of the global financial data market share. Terminal subscriptions are priced at roughly 24,000 dollars per user per year. Alongside its data business, Bloomberg operates Bloomberg News, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets magazine, and the Bloomberg Crypto podcast -- a daily program covering digital asset developments from regulation to DeFi to technology. Bloomberg does not hold SOL, operate on-chain, or participate in Solana DeFi or staking. Its role is upstream: providing the price benchmarks and data infrastructure that allow regulated capital markets products including ETFs, structured products, volatility indices, and benchmark-linked strategies to be built on Solana exposure, making Bloomberg one of the most consequential third-party infrastructure providers for Solana's institutional adoption even though its core business predates cryptocurrency by four decades.