The New York Stock Exchange today had announced NYSE Bitcoin index. The index will represent US dollar value of one bitcoin with the help of Coinbase.

The exchange shared the news of the bitcoin index launch in a special press-release:

“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class. As a global index leader and administrator of ICE LIBOR, ICE Futures U.S. Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market. By combining our technology infrastructure with our expertise in index calculation and data management, we will continue to launch complementary products based on our rigorous standards and proprietary index methodology,” said NYSE Group President Thomas Farley.

The index will represent the value of one bitcoin in USD. NYSE analytics will use “select bitcoin exchanges” that have been evaluated by a special team. 

“The NYSE Bitcoin Index will initially feature data from transactions from Coinbase Exchange, the leading U.S.-based bitcoin exchange. In 2015, NYSE made a minority investment in Coinbase, a leading bitcoin wallet and trading platform with over 2.8 million consumer wallets, 39,000 merchants and 7,000 developers.”The index will be re-evaluated each day at 16:00 London Time.

Mainstream press reacted to the launch of the index positively. The Time called it "another step towards mainstream" for bitcoin.

The launch of NYSE bitcoin index produced a wave of positive reaction among bitcoin professionals on Twitter. The post about the index was retweeted more than 204 times. It also became the hottest topic on the Reddit forum and gained more than 150 comments in about seven hours. Most of the comments were positive.
Interestingly enough, NYSE decision has not affected the price of bitcoin much. At most exchanges, the digital currency remained at the same level or even lost around 1% in price.