S&P Dow Jones Indices Launches Cryptocurrency Indices
Posted on 05/04/2021
Index giant S&P Dow Jones Indices is partaking in the cryptocurrency asset class.
According to the press release, “Our cryptocurrency indices seek to address some of the challenges the industry is currently facing, including the issue of transparency. S&P DJI’s independent, reliable, and accessible indices have a long track record of bringing transparency to a wide range of markets across asset classes and geographies, and we believe they can do the same for this emerging, complex asset class.
To that end, we are launching our index series around the two largest and most prominent cryptocurrencies—Bitcoin and Ethereum. The initial launch will include the following indices:
S&P Bitcoin Index
S&P Ethereum Index
S&P Cryptocurrency MegaCap Index
These indices will measure the performance of Bitcoin, Ethereum, and a market cap weighting of Bitcoin and Ethereum, respectively.”