The new S&P Bitcoin, S&P Ethereum, and S&P Crypto Mega Cap Indexes will measure the performance of digital assets tied to them
S&P Dow Jones brings BTC and ETH to Wall Street. Source: pexels.com
S&P Dow Jones Indices, a global index provider, has officially launched Bitcoin and Ethereum crypto indexes. These new S&P-branded indexes will measure the performance of digital assets listed on recognized open cryptocurrency exchanges.
The indexes use pricing data from Lukka, a crypto software and data provider, to determine the eligibility universe and pricing of individual constituents.
Later this year, the S&P Digital Market Indices series will include additional coins and broader-based indexes such as large-cap and broad market benchmarks.
The market for cryptocurrency assets continues to grow and with that, investor demand for benchmarking and index-based solutions based on crypto and blockchain assets is more essential than ever, press release states.
In addition to the new S&P Digital Market Indices, S&P DJI also launched customized cryptocurrency indexing solutions at the end of last year. Since then in the first quarter of 2021, IDX Insights launched a series of risk-managed custom cryptocurrency indexes – the first based on S&P DJI’s custom cryptocurrency indexing capabilities.
We’ve reported that FIS enabled Bitcoin purchases from bank accounts.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
