Home Crypto Bitcoin, Ethereum and Crypto Megacap Indices Debut on the S&P Dow Jones

Bitcoin, Ethereum and Crypto Megacap Indices Debut on the S&P Dow Jones

A significant monetary information supplier is bringing Bitcoin and Ethereum to Wall Street.

The S&P Dow Jones Indices is launching three new indices monitoring the efficiency of the prime two digital property: the S&P Bitcoin IndexS&P Ethereum Index and S&P Cryptocurrency MegaCap Index.

“Traditional monetary markets and digital property are not mutually unique markets,” says Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices.

“As cryptocurrency turns into extra mainstream, buyers now have entry to dependable and clear benchmarks backed by institutional high quality pricing information. We look ahead to additional increasing our new household of Digital Market Indices and bringing a lot wanted transparency to this thrilling market.”

The listed crypto indexes will observe information from New-York based mostly virtual-currency firm Lukka.

Additionally, the S&P Dow Jones Indices plans to develop its index collection to cowl extra digital cash in the future.

The information comes amid a stellar week for Ethereum, which hit one other all-time excessive Thursday of $3,597, according to CoinGecko.

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Featured Image: Shutterstock/zeber

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