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Blockchain & Crypto

S&P Dow Jones brings BTC and ETH to Wall Street

May 07, 2021

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

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.

Traditional financial markets and digital assets are no longer mutually exclusive markets. 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
Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices

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.

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