LedgerX launches the volatility index (LXVX) of Bitcoin

LedgerX, the first cryptocurrency asset management platform regulated by the US Commodity Futures Trading Commission, has launched the LedgerX Volatility Index (LXVX), a Bitcoin price volatility index (BTC).

According to what is written on twitter by LedgerX, the new index is designed to imitate the CBOE Volatility Index (VIX); note that the VIX estimates the expected volatility of the S & P500 over the next 30 days and is considered the world's leading indicator of US equity market volatility.

Since the VIX is commonly referred to as the US equity market's fear index, LedgerX then claimed that LXVX can be defined as the "bitcoin fear index", as it incorporates the level of fear and uncertainty of the bitcoin market.

Unlike the CBOE Volatility Index (VIX) in which traders can trade the index via ETF or ETN, the LedgerX Volatility Index (LXVX) is not a negotiable product.

The main objective of the index is to help Bitcoin investors to build their trading strategies in the most effective and efficient way possible.