LedgerX has launched its first Bitcoin (BTC) price volatility index. The launch of LedgerX Volatility Index (LXVX) was revealed to Cointelegraph by the company’s spokesperson on Jan. 14.
LedgerX is a cryptocurrency asset manager regulated by the United States Commodity Futures Trading Commission (CFTC). The official press release shared with Cointelegraph explains how the index is formed:
“The LXVX incorporates the level of fear and uncertainty in the bitcoin market, and thus can be thought of as the “bitcoin fear index,” in the same way the VIX is commonly referred to as a stock market fear index by market commentators.” According to the press release, the company will draw the data for LXVX from the Bitcoin options product that it already offers to its customers.