#BitwiseBitcoinETF 📊 What is the US Dollar Index?

💵 The Dollar Index (USDX) is a measure of the value of the dollar against a basket of 6 currencies, developed in 1973 after the collapse of the Bretton Woods Agreement, and aims to provide a comprehensive assessment of the strength of the dollar globally.

✅ The basket of currencies measured by the Dollar Index:

• Euro: Represents 57.6% of the index's weight

• Japanese Yen: 13.6%

• British Pound: 11.9%

• Canadian Dollar: 9.1%

• Swedish Krona: 4.2%

• Swiss Franc: 3.6%