What is Bloomberg Galaxy bitcoin index?

Could you elaborate on the Bloomberg Galaxy Bitcoin Index? I'm curious to know more about its purpose, methodology, and how it serves as a benchmark for investors interested in the cryptocurrency market. Specifically, I'd like to understand how the index is constructed, what factors it considers, and how frequently it is updated. Additionally, I'm wondering about its performance over time and how it compares to other cryptocurrency indices. Could you provide some insight into how the Bloomberg Galaxy Bitcoin Index fits into the broader financial landscape and its potential implications for investors?