S&P Launches Bitcoin, Ethereum, and ‘Crypto Mega Cap’ Indices – Markets and Prices Bitcoin News

 

S&P World, the mum or dad firm of S&P Dow Jones Indices, has launched three cryptocurrency indices. One tracks the efficiency of bitcoin, one other tracks the efficiency of ethereum, and the third measures the efficiency of each bitcoin and ether.

three Crypto Indices Launched by S&P World

S&P World, the mum or dad firm of S&P Dow Jones Indices LLC, launched “The S&P Digital Market Indices” on Monday.

The index sequence embrace the S&P Bitcoin Index, the S&P Ethereum Index, and the S&P Crypto Mega Cap Index. The ticker symbols for the three are SPBTC, SPETH, and SPCMC, respectively. The latter “measures the efficiency of bitcoin and ethereum,” the corporate detailed.

Three crypto indices launched by S&P World. Supply: S&P World

The corporate defined that “The indices goal to convey transparency to the rising cryptocurrency market,” elaborating:

These indices are designed to measure the efficiency of a choice of digital belongings (crypto belongings) listed on acknowledged, open exchanges that meet minimal liquidity and market capitalization standards.

The indices use Lukka Inc., a crypto knowledge supplier, as the information supply for digital asset pricing and reference knowledge, through the Lukka Prime and Lukka reference knowledge merchandise.

S&P World says cryptocurrencies have become mainstream and seem like right here to remain, as extra firms are providing crypto providers and adoption is rising worldwide. In the meantime, an S&P analyst believes that bitcoin’s rise is paying homage to the U.S. gold rush.

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