Bitcoin, Ethereum and Crypto Megacap Indices Debut on the S&P Dow Jones
A major financial data provider is bringing Bitcoin and Ethereum to Wall Street.
The S&P Dow Jones Indices is launching three new indices tracking the performance of the top two digital assets: the S&P Bitcoin Index, S&P Ethereum Index and S&P Cryptocurrency MegaCap Index.
“Traditional financial markets and digital assets are no longer mutually exclusive markets,” says Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices.
“As cryptocurrency becomes more mainstream, investors now have access to reliable and transparent benchmarks backed by institutional quality pricing data. We look forward to further expanding our new family of Digital Market Indices and bringing much needed transparency to this exciting market.”
The listed crypto indexes will track data from New-York based virtual-currency company Lukka.
Additionally, the S&P Dow Jones Indices plans to expand its index series to cover more digital coins in the future.
The news comes amid a stellar week for Ethereum, which hit another all-time high Thursday of $3,597, according to CoinGecko.
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Author: Daily Hodl Staff
